Bitcoin’s Wild Ride: Will It Ever Stop? Or Just Keep Making You Sweat?

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Well, folks, strap in because the crypto market’s like a roller coaster – except no one told you when to get off.

As expected, Bitcoin [BTC] is driving the whole thing into a frenzy. The price action’s been about as stable as a house of cards in a hurricane. Flash crash talk’s been louder than a preacher on Sunday, especially since there ain’t any sign of a bottom showing up anywhere soon.

Just last week, BTC took a nosedive from $89k to $87k, then shot back up to $91k all within the blink of an eye (or about four hours, but who’s counting?).

Now, if you’re scratching your head wondering how this even makes sense, let me break it down for you: BTC’s liquidity on the bid side’s as thin as a slice of stale bread. It’s still about 30% below its all-time high, but hey, that’s just another Tuesday in crypto land.

Net losses return

And here’s the kicker: Bitcoin’s Net Realized Profit/Loss has flipped to red again. What does that mean? Well, folks, it means the holders are selling their BTC at a loss, not at a profit. Classic sign of panic. It’s like watching someone sell their house because the roof leaked, but they forgot to fix the leak first.

On top of that, ETF flows are as quiet as a mouse in a library, even with Coinbase’s Premium Index showing a little bit of green. The market’s been in “risk-off” mode, and let me tell you, it’s as jittery as a squirrel on espresso.

In short, the volatility is still in full swing, and that $90k mark is looking shakier than a chair with three legs. Will it hold up? Who knows. Stay tuned for more, folks. 🤑

Bitcoin price loop raises questions about whale moves

Now, let’s talk about that pesky October crash, shall we? It’s been nearly two months, and Bitcoin still can’t seem to crawl back up to six figures.

Meanwhile, the daily chart’s been doing its best impression of a game of hopscotch, with Bitcoin bouncing up and down from $80k to $83k to $88k since mid-November. You’d think someone could at least get a few more steps in, but nope, same ol’ song and dance.

In this kind of wild environment, those who thought they could ride the crypto wave got their heads handed to them. Analysts reported $171 million in longs and $71 million in shorts liquidated during a single four-hour period. Was it a fluke? Or were we witnessing a little market manipulation? Only the whales know. 🐋

And when you take a look at the 24-hour chart, it’s pretty clear: Nearly $500 million went up in smoke. Poof. Gone. Just like that.

Combine that with Bitcoin’s usual choppy price action and it’s starting to look like someone’s keeping BTC in a loop on purpose. Are they trying to wring out all the leverage in the market? The whales sure are making a splash, that’s for sure.

Speaking of whales, BTC’s Open Interest (OI) dropped by $30 billion since its October peak. Looks like someone’s been playing a game of “catch the little fish” and it’s all starting to feel like a bear trap. 🐻

Final Thoughts

  • BTC’s Net Realized Profit/Loss is in the red again, showing that holders are jumping ship at a loss.
  • The liquidations and price swings are making us wonder if someone’s behind the curtain, pulling all the strings. 🤔

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2025-12-09 05:22