Markets
What you need to know and what you wish you didn’t:
- Bitcoin fell under $110,000. MetaPlanet, Nakamoto, and some other crypto sidekicks learned gravity is not just a suggestion. If these were superheroes, right now they’d be super-glued to the sidewalk. 🦇💸
- Bitfinex analysts say there’s a possible landing strip at the $93,000-$95,000 zone. All we need now is a parachute and maybe a prayer or two.
- September’s got all the excitement of a hangover, but don’t worry-the quarter’s end might bring back the party, according to someone at LMAX Group with a suspiciously optimistic calendar. 🍾📉
So here’s the Bitcoin’s bounce this week lasted about as long as a Hollywood marriage-by Thursday it was napping under $110,000, and now everyone’s mumbling about a “deeper pullback.” Sounds threatening, doesn’t it? Don’t worry, nobody knows what it actually means.
Bitcoin (BTC) dropped 2.2% in 24 hours, now at $109,500, which conveniently wipes out half of last weekend’s gains. Ether (ETH), Solana’s SOL (SOL), and Cardano’s ADA (ADA) all decided to play limbo as well-each slipped over 3%. The crypto market’s basically an Olympic sport, but instead of medals you get anxiety. 😬💰
Digital asset stocks? They’re bleeding too! Strategy (MSTR), proud owner of “too much BTC,” lost 3.2% (probably looking for the panic button right now) and is down a stunning 30% since July. MetaPlanet (3355)? Down 7% and 60% below its June high – not even Godzilla can save them now. KindlyMD (NAKA) slipped another 9%, making it a solid 75% since August. BitMine (BMNR) and SharpLink Gaming (SBET)? Down between 8% and 9%-which is what happens when you try to mine digital gold without a pickaxe or a map.
How low can you go, BTC? More than the limbo stick can handle?
The sound you hear is nervous humming. September loves to trip up bitcoin and the crypto crowd-it’s like a tradition, sort of like blacking out at Thanksgiving dinner. Meanwhile, gold is up above $3,500 and making faces at the rest of the market. Apparently, everyone’s grandparents are laughing all the way to the bank.
Bitfinex says we’re in the third week of “retrace-from-peak”-which is analyst talk for “Oops, we dropped the ball… Again.” The average bitcoin correction is about 17% from peak, so maybe we’re getting close to the finish line-or maybe someone moved the goalposts. Don’t ask.
If BTC drops below $108,900, which is where the “short-term holder realized price” hangs out (that’s financial jargon for “rookies’ buy-in point”), the trapdoor might open up and you get the express elevator down to $93,000-$95,000. Don’t worry, it’s crowded-bring snacks. 🍿📉🚪
On the bright side (there’s always one in crypto, like a guy with a candle during a blackout), Joel Kruger at LMAX Group thinks September is just the warm-up and the real show starts in the fourth quarter. That is, if ETFs, corporate suits, and friendly regulators decide to join the party. Wouldn’t that be something?
UPDATE (Sept. 4, 16:00 UTC): Above, please find the BTC supply cluster chart-a graph so exciting, you might want to frame it over your fireplace. Or not. 🖼️😆
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2025-09-04 19:37