Bitcoin’s Fiendish Fall: Whales Wager on Woe! 😈

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Aphorisms of the Market:

  • Bitcoin‘s audacious rising wedge whispers of a tumble to $74,000, should that capricious support betray us all. 🎭

  • A veritable leviathan of the deep has flung $140 million into shorts on BTC, as if to mock the bulls’ parade. 🐋

Ah, Bitcoin, that most fickle of fortunes, whose technical tapestry hints at a plunge deeper than a dandy’s despair to $74,000-nay, for the whales, those gluttonous guardians of greed, have swollen their shorts upon this digital darling. 😏

Bitcoin’s Rising Wedge: A 34% Farce of Fortune

Upon the weekly canvas, the BTC/USD dallies within a rising wedge, teasing the lower trendline’s embrace at $110,000, like a lover feigning indifference. 💔

Should a weekly candle snuff itself below this threshold, the stage is set for a bearish ballet to $74,000-a 34% diminution, echoing that quaint peak of March 2024, as if history delights in repetition’s jest. 📉

Behold, the bearish bard’s ballad is bolstered by a bullish divergence ‘twixt price and the relative strength index, a sly irony painted above. 📊

Rising wedges, those treacherous sirens of reversal, bear the mark of bearishness; BTC’s languid linger within suggests, per analyst Captain Faibik, that “Bitcoin’s bull run is nearing its end”-oh, the tragedy! 🎭

“Bitcoin is still inside the rising wedge and bulls are in control for now, but not for long,” quoth the analyst in an X missive on Wednesday, appending with sardonic flair:

“Momentum is fading, and once the wedge breaks, bears will take over with a sharp correction ahead.” 😂

Veteran trader Peter Brandt prophesies a “major shakeout” ere Bitcoin resumes its ascent beyond $126,000, adding with a wink:

“I think the day of the 80% decline is over, but perhaps back to $50-60,000 and test the lower skin of the banana.” 🍌

As CryptoMoon chronicled with wry wisdom, sundry technical and onchain omens portend a BTC/USD descent to $74,000 in extremis, should $110,000’s bulwark crumble like a house of cards. 🃏

Bitcoin Whale’s $140 Million Short: A Symphony of Schadenfreude

Bitcoin’s bears, those merry malcontents, have redoubled their wagers against the tide as cries for correction crescendo like a poorly tuned orchestra. 🎻

Lookonchain’s ledger reveals a Hyperliquid whale unleashing a $140 million short at 5x leverage, liquidation lurking at $137,700-audacity incarnate! ⚡

Another whale, 0xc2a3, just opened a 5x short on 1,240 $BTC($140M) on #Hyperliquid.

Liquidation price: $137,700

– Lookonchain (@lookonchain) October 15, 2025

Nor is this solitary soul in speculation; Tuesday saw another BTC behemoth augment last week’s $500 million downside dirge with 10x temerity. 🤑

Meanwhile, onchain auguries unveil the net unrealized profit and loss ratio pirouetting from “optimism” to “euphoria”-a harbinger of blow-off tops past, as if the market revels in its own ridiculous ruin. 🤡

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2025-10-15 18:39