Bitcoin: Still Going Up (Probably)! 🚀

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So, Bitcoin had a bit of a wobble, did it? A ‘correction,’ they call it. As if it was just slightly misaligned or needed a good polishing. It dipped down to around $75,000 recently, which, for those keeping score at home, is a 29% drop from its January high. Honestly, you’d think people would be panicking, flinging their digital gold out the window, but apparently not. 🤷

According to some awfully clever people at Glassnode, only about 9% of all Bitcoin is currently ‘in the red’ – meaning folks who bought it at a higher price are currently experiencing the sort of mild discomfort one feels after eating a slightly dodgy kebab. A mere 10% loss! Compared to previous dips, where over 25% of Bitcoin owners were feeling genuinely glum with losses of up to 23%, well, it’s practically a picnic. And global bear markets? Don’t even ask. More than 50% of the stuff lost up to 78%. Yikes. But Glassnode assures us this dip is… ‘relatively shallow.’ Reassuring, isn’t it? Like being told a shark bite is ‘relatively shallow.’

Sizing Up the Dip

Trading at $110k, only ~9% of BTC supply is in loss, carrying up to 10% unrealized losses. In contrast, the local bottom of this cycle saw >25% of supply at up to 23% losses, and global bear markets have reached >50% supply with up to 78% losses.

This dip…

– glassnode (@glassnode) September 2, 2025

Not The Peak of This Cycle (Probably)

The latest tumble, from a peak of $124,000, amounts to about 13.4%. Back in 2017, Bitcoin had a bit of a dramatic September, falling 36%. In 2021, it was ‘just’ 24%. But see, *this* time is different! We have ‘massive buying pressure,’ apparently, from institutional investors and companies hoarding Bitcoin like squirrels with acorns. Therefore, this correction will be ‘muted’. Which, translated from financial jargon, means ‘we hope.’ 🙏

A chap named Ted Pillows – yes, really – points out it’s mirroring previous dips. He’s not *saying* it’ll happen again, but Bitcoin ‘could go below $100,000.’ Which feels a bit like saying a volcano ‘could erupt.’ He helpfully adds it’s “not the top, but just a normal correction before a new ATH.” An ‘ATH’ being a ‘All Time High’ for those not fluent in internet abbreviations.

“I’m not saying that it’ll happen again, but Bitcoin could go below $100,000.” “As I have said before, this isn’t the top, but just a normal correction before a new ATH,” he added.

$BTC recent correction mimics the Q2 2025 and Q3 2024 dumps.

Both had a 30% correction before BTC bottomed out.

I’m not saying that it’ll happen again, but Bitcoin could go below $100,000.

As I have said before, this isn’t the top, but just a normal correction before a new…

– Ted (@TedPillows) September 1, 2025

Then there’s MichaĂŤl van de Poppe, who reckons things will perk up as we get closer to a Federal Reserve meeting where interest rates might fall. Apparently, that’s good news. Who knew? He’s ‘heavily buying’ the dip, naturally. It’s always ‘heavily buying’ with these people. Makes you wonder what they’re *not* telling you. 🧐

BTC Starts to Recover (For Now)

As of Wednesday morning in Asia (wherever that is), Bitcoin was back up to $111,500. Progress! It needs to clear $112,000 though, or it might tumble down to $105,000. And *then* things might get interesting again. The whole thing, you see, is delicate. Like a house of cards built on a foundation of hype and hope. Total market cap’s up 1.3% to $3.93 trillion. A number so large it’s almost meaningless.

So, where does this leave us? Well, probably somewhere higher. Or maybe not. Honestly, who knows? 🤷‍♂️ It’s Bitcoin. Anything could happen. Just don’t ask me for financial advice.

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2025-09-03 08:00