🤑 Bitcoin’s Epic Faceplant: 4 Weeks of Tears & Zero Cheers 🤑

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The dust storms of the digital plains have kicked up again, and Bitcoin, that stubborn mule of the financial frontier, has stumbled into its fourth week of misery. The crypto market, a fickle mistress, has turned her back, leaving BTC to wallow in the red clay of negative returns. Bitfinex, those wise old owls of the exchange, hooted out their weekly report, confirming what every weary trader already knew: the king of coins is on a losing streak.

They say history repeats itself, but this time, it’s wearing a clown nose and juggling knives. The last time BTC took such a beating was during the great consolidation of ’24, when prices dropped 24.1%. But oh, how the mighty have fallen-this time, it’s a 30.6% plunge. That’s right, folks, Bitcoin’s not just stumbling; it’s doing the financial equivalent of faceplanting into a mud puddle. 🌧️💸

The Never-Ending Correction Carousel 🎢

Last week alone, BTC took a 16% nosedive, closing with an 8.65% plunge that left traders clutching their wallets like they were precious heirlooms. This correction, a stubborn mule in its own right, has dragged the coin 36% below its all-time high. It’s the biggest drop in this cycle, a record no one wanted to break. Long liquidations? They’re piling up like yesterday’s trash, a stinking reminder of the market’s cruelty.

Short-term holders, those restless souls who’ve held BTC for 155 days or less, are throwing in the towel. They’re selling at a loss, their cost-basis model shattered like a cheap vase. The seven-day Exponential Moving Average of their realized losses? A cool $523 million per day. That’s more than the tab at a billionaire’s divorce party. And when did we last see numbers like this? Oh, just around the time FTX went up in flames. 🔥💰

Recent buyers are in full-on panic mode, dumping their positions faster than a bad blind date. Their unrealized losses are mounting like a storm cloud, and the market’s top-heaviness is to blame. Turns out, the BTC supply between $106,000 and $118,000 was packed tighter than a sardine can. Now, it’s all coming undone, one panicked sell at a time.

November: The Month That Stole Christmas 🎄✖️

The liquidations? They’re off the charts. October 10th saw a $19.2 billion liquidation event, the financial equivalent of a meteor strike. And last week? Another $3.9 billion down the drain. Leveraged traders are sweating like pigs in a sauna, and the derivatives sector looks like a ghost town after a gold rush gone wrong. 👻💼

November, once a golden child with average returns of 40.8% and a median of 8.2%, is shaping up to be a Grinch. If the bears keep their grip, it’ll follow October into the red, the first back-to-back loss in seven years. So much for holiday cheer. 🎁🚫

As the dust settles (or maybe just swirls around some more), one thing’s clear: Bitcoin’s on a wild ride, and the only certainty is uncertainty. Strap in, folks-this ain’t over yet. 🌪️🎢

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2025-11-25 23:31