Bitcoin Hits $106K as Miners, Whales, and Fickle Degens Spark Wild Predictions
- Bitcoin, having swooned to $100K, now pirouettes upwards, its RSI flushed and Fibonacci lines more supportive than the parents of a Cambridge freshman. Confidence, as ever, is in short supply—unless you’re a chart pattern.
- Open Interest is surging, funding rates doze in neutrality, and traders circle like debutantes at the end of Lent, waiting for their moment of brilliance (or ruin).
Since the summer solstice—or, for those living beneath rocks, mid-June—Bitcoin [BTC] has crept quietly above $100K, feigning humility while making everyone else look silly.
Meanwhile, $240 million in BTC slunk away from the exchanges, presumably off to a Swiss chalet or a cold wallet, the modern equivalent. Accumulation, darling, not panic.
But truly, it’s the miners who’ve performed the most splendid about-face. Or perhaps, simply taken cocktail hour more seriously than selling pressure 🤷♂️.
When miners develop scruples, financiers adjust their monocles
BTC.com’s Miner to Exchange flow plummeted to depths not charted since the days when people took Warren Buffett’s crypto cynicism seriously. Price, unbothered, perched above $100K, gloating.
Generally, this is the sort of indicator even a staid banker’s grandmother might heed.
As Bitcoin trades at $106,654 (don’t forget the $54, it’s their tip), the parade of miner abstinence paired with whale accumulation sets the scene for bullish excess—champagne, caviar, the lot!
The signals? Clear as gin (and about as reassuring): long-termers are quietly cobbling together a launching pad while short-termers chase fireworks or heartburn. Is this the prelude to BTC’s next rhapsodic bull run, performed fortissimo? Please, do try to look surprised.
Traders—placing bets or just fidgeting with the curtains?
Open Interest spiked 4.07% in a day, now swirling at $33.97 billion. The traders, bless them, have returned—though whether for glory or disgrace is as yet undecided.
No wild price moves: just the collective hum of leverage and suppressed laughter. The buildup is tense. One imagines Shakespearean tragedy but with less poetry and more caffeine.
When Funding Rates are this dull (a negative -0.0009%—like a butler with a sulk), we expect eruption, not decorum.
Network activity: Old faces, new tricks
Addresses—those digital calling cards—show a most contradictory mood. Active ones up 5.84%, quite the social scene. Yet New Addresses? Down 1.25%, no invitation forthcoming.
Zero Balance Addresses (empty as a debutante’s purse) soared 13.24%. Panic? No, darling, just a bit of spring cleaning among the initiated.
The reshuffle is exquisite, exclusive. Should the band play on and fresh guests arrive, the orchestra (or blockchain) might yet reach a crescendo.
Scarcity: The cult of the precious
If the old boys’ club values anything, it’s scarcity. Behold, BTC’s Stock-to-Flow Ratio: a staggering 757. If diamonds are forever, what adjective does one choose for this scarcity? Eternal? Positively Victorian.
Historically, such S2F excesses (matched with hoarding) have preceded rabid bull phases. Pair it with pervasive accumulation, and you’ve got the setup for a price chart worthy of Jackson Pollock 🎨.
From $100K: The Fibonacci Waltz
Bitcoin, steady as a public school prefect, leaned on the $100K–$102K band—supported, naturally, by Fibonacci fans everywhere. The price now sniffs at $106K, RSI sauntering to 54.12: healthy, but not in need of smelling salts.
Next, we peer at $110K, $112K, and—should FOMO return in a bejewelled carriage—$119K. A retest is due if the bulls don’t lose their champagne flutes in the melee.
The all-too-stable price above $100K is neither a clerical error nor a matter of fate; it’s miners refusing to sell, traders betting with admirable bravado, and on-chain metrics winking in collusion.
Less selling, historic scarcity, technical recovery: all the elements for a glorious bullish escapade; or, at the very least, a beautifully written obituary should things collapse.🍾
Read More
- Vampire’s Fall 2 redeem codes and how to use them (June 2025)
- Paper Rex and Fnatic battle for the grand final spot at the VALORANT EWC 2025
- Marilyn Manson sparks controversy as he appears at Black Sabbath’s farewell show and pays tribute to Ozzy Osbourne in video message – after his UK gig was axed amid backlash
- City of the Wolves descends on Riyadh! Your guide to FATAL FURY at EWC 2025
- Why Superman 2025 Opening Weekend Box Office Predictions Have Dropped Again
- BLACKPINK Wants You To “JUMP” With Lively New Single
- GEN vs AL was another extremely close LoL match at MSI 2025
- Unmasking Ironheart: Ranking Her MCU Suits by Comic Book Accuracy!
- Dr. Phil’s TV network files for bankruptcy and sues distribution partner
- Team Heretics crowned champions of the VALORANT EWC 2025
2025-06-25 15:07