So, apparently, some people who have a lot of Bitcoin are…selling it. 🤯 I mean, who knew? Analysts are saying it’s “typical.” Typical! Like everything is always “typical” until my plans are disrupted. It’s always someone else’s “typical.”
This Gunden guy, Owen, unloaded like $237 million worth of Bitcoin onto Kraken. Two hundred and thirty-seven million! That’s a lot of money. You know, enough money to get a really good deli sandwich. Several. And people are acting like it’s no big deal? It’s a big deal! 😠
And it’s not just him! There’s this whole “spate” of whales doing it. Spate! What even is a spate? It sounds like a rash. A Bitcoin rash. Not good.
But Glassnode, these…analysts, they’re telling us don’t panic. It’s “nuanced.” Nuanced! That’s what they always say when they haven’t the slightest clue what’s going on. “Oh, it’s very nuanced.” Just say you’re making it up as you go along!
They’re babbling about “increasing distribution pressure” and “bull-market behavior.” Bull-market behavior! Like a bull is running around coordinating the selling of Bitcoin? Really? 🐂
“This steady rise reflects increasing distribution pressure…a pattern typical of late-cycle profit-taking…”
They say long-term holders always do this. Always? I don’t always do things. Sometimes I just…exist. It’s very unsettling.
Kronos Research says…something.
This Vincent Liu, from Kronos Research, he says it’s a “structured cycle flow.” A structured cycle flow! Sounds like a plumbing problem. And “steady profit rotation.” Rotation! It’s making me dizzy. He thinks as long as people keep buying this stuff, it’s fine. Easy for him to say. He’s probably not the one losing sleep.
He says the market hasn’t “topped” yet. Oh, good. That’s…reassuring. Because if it has, I’m going to be really annoyed.
“On-chain readings hint at a potential bottom…signals short-term lows…it’s just one of many indicators…”
More indicators! It’s always indicators! I have an indicator. The indicator is, I don’t trust any of this. 🤨
And then there’s Charlie Sherry. He says there’s no “meaningful support” on the buy side. No support! Like a broken chair. What are you supposed to do with a broken chair? And apparently, market tops happen about every four years. Four years! That’s a long time to wait for the other shoe to drop.
But, get this, he says maybe the four-year cycle is over. Over! Just when you think you’ve figured something out, it changes. It’s infuriating! 😤
Now they’re saying ETFs and corporate treasuries are messing with the cycle. Of course they are. Because nothing is ever simple. You know, it all just feels…precarious. And probably someone’s fault. Whose fault? I’m not sure yet. But I’ll find out. I always do.
“Only time will tell…the strength of those fundamentals is being tested right now.”
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2025-11-14 06:42