- Right, so Bitcoin‘s had a bit of a wobble, 6.54% down in the last 24 hours. I mean, who hasn’t? 🤷♀️
- Apparently, the market’s all hot and bothered. But maybe, just maybe, it’ll bounce back. Classic.
So, the world’s gone a bit mad, hasn’t it? Trump’s at it again, and the crypto market’s having a proper meltdown. Bitcoin, bless its little digital heart, has taken the biggest hit. Like, obviously. 🙄
Bitcoin’s actually dipped to $91k. For the first time in 2025, can you even believe it? All the fancy crypto people are suddenly very chatty about what’s going to happen now. It’s quite the drama.
Bitcoin’s NVT Golden… What Now?
Some clever clogs at CryptoQuant are saying the NVT Golden Cross thingy is showing the market’s overheated. Bubble territory, apparently. Bit worrying, innit?
This Golden Cross thingy, which is now at a 2 – don’t ask me what that means, has the bears circling like, well, bears. Ready to pounce, I suppose. 🐻
When this Golden Cross gets to *this* level, it’s a sign that things might keep going down. The Americans are having a proper panic attack it seems. So, we all get to feel the pain. Joy.
Apparently, going past this magic point means things are going downhill, and the bears are having their moment. Lucky them.
But, Hold Your Horses…
Now, while this is all a bit ‘end of days’, some clever indicators seem to think the world (excluding America, who are being dramatic as always) is still quite optimistic. So, maybe it’s just a hiccup? A crypto blip. 🤷♀️
Maybe it’s all just a quick dip before the market sorts itself out? One can only hope, eh?
The Bitcoin whales, those mythical creatures, aren’t selling their stuff. They’re keeping it off the exchanges, as you do. Apparently, the Exchange Whale Ratio has taken a 10-day nosedive. Bit of a plunge there.
This, apparently, means they’re waiting for prices to go back up. I mean, you wouldn’t sell your gold fish for pennies, would you? I know I wouldn’t. 🐟
Also, this VDD Multiple thingy is still above 1.05. Don’t ask me, I’m just reporting the facts. This supposedly means the long-term investors aren’t panicking, which is good, right? It shows a tiny bit of stability which is novel for crypto.
So, it’s all the short-termers selling off their stuff. Panic buying, panic selling, same difference. The long-term gang are still chill, which means things might just recover. Phew. 😮💨
Right, if you want to see what might happen in 2025 and 2026, just go look for it somewhere else. I haven’t got time to explain that to you.
In a nutshell, Bitcoin’s had a bit of a whoopsie because of the Americans throwing a hissy fit. But, other signs point to a rebound. So, don’t go selling all your furniture just yet.
Things might bounce back if the long-termers and whales decide that they aren’t going to let it all go to crap. One can only hope, right? 🙏🏻
If it does, it’ll hit $96,370, maybe even $98,000. If it goes down? $92,103, apparently. Who bloody knows, to be honest. It’s all a bit of a mess. 🎉
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2025-02-03 13:16