Bitcoin Traders Struggle to Stay Afloat Amid Chaotic Market Waves – What Comes Next?

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Oh, the drama! Bitcoin traders find themselves in the middle of a market maelstrom, with more than $19 billion of positions liquidated over the weekend. This isn’t your average Monday morning blues – no, we’re talking the kind of volatility that shakes even the seasoned players to their core. Forget about the boring old price movements; now, it’s just a relentless rollercoaster.

Investors, whether fresh-faced rookies or battle-hardened veterans, are nervously clutching their portfolios as the market’s mood swings from optimistic to downright apocalyptic. But while panic spreads like wildfire, long-term holders are still sipping their tea calmly, ignoring the madness. Oh, the joys of patience!

The Market’s Beat is Off – Welcome to the Liquidation Madness

Have you ever felt like something was… off? Like the rhythm of the market had slipped into a bad jazz solo, where no one quite knows what note is next? Analysts are ringing the alarm bell, and it’s all because the market’s confidence has taken a nosedive. Leverage is gone, volatility is back, and investors are left wondering whether to hold on tight or just bail out.

Ki Young Ju, the CEO of CryptoQuant, couldn’t resist the urge to stir the pot on X (formerly Twitter). He pointed out that paper Bitcoin investors-those who bought in just a few months ago-are now deep underwater. No, not literally (I wish!), but their investments are drowning. But don’t panic, he says. It doesn’t mean a crash is inevitable, just that, well… volatility is on the horizon. Ready your helmets!

According to Ju, the big whales of Bitcoin, those long-term believers, are still sitting pretty, unaffected by all the chaos. It’s the short-term traders who are causing all the ruckus. Guess who’s riding the storm out? The ones who bought Bitcoin when it wasn’t the flavor of the month.

“FYI, long-term Bitcoin whale PnL has never been negative,”

– Ki Young Ju (@ki_young_ju) October 14, 2025

Sound familiar? It’s a scene straight out of early 2022, when derivatives and leverage were running the show and leaving spot demand in the dust.

The imbalance is back. While the little guys cry over their leveraged losses, the heavy hitters are still steering the ship. Who said money doesn’t talk?

Confidence Crisis: The Market’s Existential Crisis

Enter Murphy Chen, market analyst extraordinaire, who just so happens to be tracking the most telling indicator of all: a complete and utter crisis of confidence. His Investor Confidence Index has been stuck in the “hesitation zone” for a mind-boggling 49 days straight. Yes, you read that right. Nearly 50 days of pure indecision. Historic? You bet.

“In past data, it would stay there for as short as one week or as long as one month before a clear direction emerged…But this time, it has been exactly 49 days since August 27. This is absolutely unprecedented,” Chen explained.

Chen likens the market to a deer in headlights, unable to decide whether Bitcoin’s bull run is ending or just taking a nap. Meanwhile, traders are frantically searching for a sign-any sign-of what comes next. Will it be the end of the world? Or just a brief, inconvenient pause?

For now, Chen advises traders to keep their cool, reduce exposure, and keep some cash handy. Apparently, no one really knows where the market’s headed, but hey, what’s new?

“At this position, it’s hard for us to make money from a highly certain major trend,” he said. “The foundation of the bull market is still intact, but visibility is poor.”

The Great Divide: Fear, Optimism, and ‘Cleansing’ Volatility

The October 11 crash, which sent a hefty $19 billion in liquidations down the drain, has only added fuel to the fire. Garrett, the self-proclaimed bear, has no problem calling out the obvious: The recent price bounce was driven by too much long leverage. Yeah, that’s right. Too many people were too cocky, and now they’re eating humble pie.

Garrett believes that until exchanges create stabilization funds, the market will remain stuck in this endless loop of false hope. Who knew crypto could be so… practical?

Others, like analyst Phyrex, are more upbeat. He calls the crash a “necessary cleansing.” Apparently, we needed to flush out all the speculative excess that was clogging the pipes. Now, thanks to the recent crash, the market is healthier-well, healthier-ish. We’ll see about that when the next crash comes, right?

“This volatility exposed and addressed potential systemic issues in exchanges, including Binance…It facilitated a new round of deleveraging across the entire market,” he said.

In simpler terms: We just needed a big ol’ mess to make things better. Cheers to that, right?

“Structurally, BTC and ETH are still oscillating at high levels. Once the market completes this deleveraging process, prices tend to stabilize and are more likely to trend upward,” Phyrex added.

Meanwhile, other traders are pulling the emergency lever and abandoning ship. James Crypto Guru, for one, decided to close out his Bitcoin and altcoin positions. Sounds like someone’s feeling the heat.

“Something is wrong. I think we’re going to retest supports,” James stated.

And just when you thought it couldn’t get weirder, crypto commentator AB Kuai Dong reports that Galaxy, a major OTC trading desk, *deleted* its analysis of the October 11 crash. Yep, they did that. The first time in two years. Why? Only they know.

The Bitcoin market has long been a land of speculation, liquidation, and periodic reinvention. But this time, even the most experienced traders are saying, “Wait, hold on, something’s off.” It’s like the market’s rhythm got stuck on a broken record.

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2025-10-14 12:05