Bitcoin’s Rollercoaster: Is a Stealth Moonshot Just Around the Corner? 🚀

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  • In a tragicomedy of errors, Bitcoin has plummeted for four days, from a lofty $110K to a mere $104K, all while the market hums a tune of optimism.
  • Should demand hold its ground, BTC might just bounce back to $109K; but beware, if the recent buyers decide to flee, a deeper abyss may await.

For the first time since the fateful month of March 2025, Bitcoin [BTC] has succumbed to a four-day decline, slipping from its glorious $110K perch to a disheartening low of $104K.

Yet, in a twist of fate, the market participants are more exuberant than ever, as if they’ve just discovered a new flavor of ice cream.

Indeed, the demand for Bitcoin continues to rise like a phoenix from the ashes. According to the ever-optimistic analyst Axel Adler from Cryptoquant, BTC demand is approaching the euphoric heights of the previous bull market.

Fresh capital keeps flowing in

On the 29th of May, Bitcoin witnessed a staggering $1.8 billion in Net Capital Flows, a sight not seen since the November 2021 bull market. It’s as if investors are throwing money at Bitcoin like confetti at a wedding!

This inflow rivals the grand peaks of past cycles, where capital reached dizzying heights of $3.6 billion near $73K and soared to $4.5 billion at $92K. Who knew money could fly?

In fact, this relentless inflow—even amidst all-time highs—suggests that investors are not merely looking for a market top, but rather, they are eyeing the stars.

Whales lead the charge

This conviction is as clear as day on the blockchain.

Whales have voraciously gobbled up nearly 20,000 BTC over the last two days, while over 50,000 BTC have exited exchanges—signaling accumulation, not a fire sale.

This massive accumulation is underscored by the fact that Bitcoin’s exchange netflow has remained negative for the first time in 2025. It’s like a game of musical chairs, but everyone is still seated!

Seven consecutive days of negative net flow indicate that buyers have firmly planted their flags in the market. Despite Bitcoin’s upward trajectory, it seems investors are buying even as prices rise—talk about a vote of confidence!

When Bitcoin dipped below $110,000, buyers seized the moment to accumulate even more. This trend suggests that investors are ready to take their chances, come what may.

Short-term pain, long-term conviction

Despite the robust fundamentals, BTC’s price has taken a hit. Yet, this pullback appears to be more macro-driven than a mere whim of sentiment.

The Short Term Holder SOPR reveals that selling pressure remains muted, even though most are still basking in profits.

This suggests these holders are not in a panic; rather, they are holding their ground, reinforcing the broader bullish structure. It’s like watching a game of chess, where every piece is crucial!

Most market participants are currently bullish, indicating that the recent dip in prices is likely to be a fleeting moment. This demand sets the stage for a market recovery, and Bitcoin may just bounce back towards $109,493.

However, if the price continues to decline, it could spark panic among those who bought Bitcoin between $100,000 and $104,000. It’s like watching a soap opera unfold!

If this group decides to sell to secure their gains, it could lead to a further decline in the market. Stay tuned, folks! 🎭

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2025-05-31 07:09