Bitcoin’s Descent: A Dance of Desperation or Divine Opportunity?

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Behold, dear reader, the grand spectacle of Bitcoin’s latest plunge below $85K-a performance so dramatic it would make a Victorian melodrama blush. The Crypto Fear and Greed Index, that most tragic of indices, now hovers below 10, as if the market has forgotten how to breathe. One might think it’s the final act of a Shakespearean tragedy, with analysts scribbling dire predictions: “$60K! $60K!” they cry, as if the price were a cursed prophecy. 🤯

But fear not! For amidst this chaos, there exists a voice of cautious optimism, like a monocle-wearing sage in a storm. Let us not despair, but rather, sip our tea and ponder the long-term. 🫖

Long-Term Opportunities Amid Volatility

CryptoQuant’s Ki Young Ju, that most astute of observers, suggests that for those who dare to hold Bitcoin (not the reckless futures traders, mind you), the current price is a “reasonable zone for accumulation.” A reasonable zone, indeed! As if buying at the bottom were as simple as choosing a hat from a milliner’s shelf. 🎩

He speaks of on-chain cycles as if they were the plot of a bad opera: “The bull cycle ended at $100K,” he sighs, “and now we must revisit $56K to form a cyclical bottom.” But alas! He suspects this may not happen, for institutional holders-like Michael Saylor’s “Strategy”-are as stubborn as a poet refusing to revise a sonnet. Their coins remain locked away, leaving the market to gasp for liquidity like a Victorian maiden fanning herself with a fan. 🪭

And what of macroeconomic factors? Ah, governments may inject liquidity until mid-next year for “political reasons,” a phrase as vague as a foggy London morning. Thus, selling now is a “risky move,” according to our sage. One wonders if he’s ever traded a single penny in his life. 💼

The bull market has not ended. It has merely paused for a dramatic intermission. Just as I declared my bearish call earlier this year, so too shall the tides turn-provided you read my tweets. 📱

– Ki Young Ju (@ki_young_ju) November 20, 2025

So while the short-term volatility may resemble a particularly rowdy street performance, the long-term investor should take heart. After all, what is a dip but a chance to accumulate at a discount? 🤑

Building A Stronger Investor Base

Hunter Horsley, CEO of Bitwise, describes the current phase as “consolidation,” a term as thrilling as watching paint dry. Yet he adds a touch of whimsy: high-conviction investors are buying from low-conviction ones, a dance as elegant as a quadrille. One sells, another buys, and the market pirouettes onward. 🕺

As prices plummet, Horsley assures us that “the lower the price, the more confident the new holders become.” A sentiment as baffling as a paradox from Oscar himself! And when consolidation ends, the market shall be left with a “refreshed base of investors,” ready to fuel the next cycle. One wonders if they’ll also be refreshed in spirit-or merely in wallet. 💸

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2025-11-21 13:08