Bitcoin’s Slippery Slide: Will It Ever Bounce Back? 🤔

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Key takeaways

So, why is Bitcoin having a panic attack right now?

Apparently, long-term holders are cashing out like it’s Black Friday, and ETF demand has taken a nosedive.

Is there hope for Bitcoin? Can it crawl out of this pit?

Well, if short-term holders step up and do some heavy lifting, BTC might stumble back to around $111k. Fingers crossed! 🤞

Bitcoin [BTC] is having a moment – a bad one. It’s been under some serious selling pressure and hit a 3-week low of $108,652. 🥲

As of now, Bitcoin is flirting with $109,027, which is a 2.6% drop today and a 6.44% drop for the week. Ouch! 💸

It’s like the cryptocurrency version of your phone dying at 3%-and you don’t have a charger. Bitcoin holders, especially the old-timers, are pulling the plug on their profits like they just found a $100 bill in their old coat pocket.

Bitcoin Long-Term Holders (LTHs) Just Took 3.4M BTC in Profit 🚨

After a little excitement at the FOMC meeting where Bitcoin briefly rallied to $117k, reality hit, and the market corrected. Guess who’s cashing in? Long-term holders, with a side of ETF demand crumbling like an overbaked cookie. 🍪

Long-term holders’ Sell Side Risk shot up to 0.0017, according to Checkonchain. Translation: they’re ready to bail. 😅

According to Glassnode, Bitcoin’s long-term holders realized 3.4 BTC in profit, surpassing previous cycles. Look at them go – they’re practically flipping the market upside down.

Since the FOMC meeting, LTHs realized 63.8k BTC in profit, which is pretty much the highest it’s been in three weeks. That’s like finding a treasure chest under your bed and then deciding to sell it on eBay.

The spike in realized profits shows that this cycle has been a goldmine for LTHs. So, naturally, they’re locking in those gains, because who doesn’t love a fat paycheck? 💰

LTH Dominance: It’s Fading Faster Than Your Motivation on Monday Morning

Thanks to all that aggressive profit-taking, long-term holders aren’t exactly the market’s “quiet friend” anymore. Their dominance is slipping, and the RHODL Ratio is in freefall. 😬

Basically, LTHs are passing the torch to newer players, which is exactly what happens in the middle of a bull run. No big deal, just a regular market cycle. 🙄

ETF Demand Collapses Faster Than Your New Year’s Resolution

And let’s not forget: Bitcoin’s downward spiral isn’t all on the LTHs. The lack of institutional demand is playing a major role too. If this were a rom-com, ETFs would be the “not that into you” ex. 💔

ETF Netflows have gone from a healthy 2.6k BTC per day to, well, nearly nothing. As of now, daily net inflow is sitting at -2.24k BTC. So yeah, ETFs are taking their ball and going home. 🏀

This lack of demand, combined with LTHs hitting the sell button like it’s a video game, is contributing to the overall market meltdown. Not exactly the vibe we were hoping for. 😬

What’s Next for BTC? Will It Bounce, or Is It Just a Hopeless Hopeless Case?

According to AMBCrypto’s team of overly caffeinated analysts, Bitcoin is facing some serious downward pressure. LTHs are having their profit-taking party, and ETFs are ghosting the market. 🕵️‍♂️

If this trend continues, Bitcoin could dip all the way to $107,314. But if short-term holders pick up the slack and absorb some of that sell-off, BTC might just pull a Cinderella and bounce back to around $111k. 🏰

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2025-09-26 22:46