Crypto’s Comic Tragedy: Bitcoin Flees the Stage, Investors Drop the Mask!

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Is the curtain falling on our beloved Bitcoin? The fickle crowd of short-term holders, always rushing onstage for a quick soliloquy, now seem to have exited, stage left, pursued by bearish sentiment. The applause? Fading. Even Molière would marvel at such dramatic withdrawal!

According to our modern-day soothsayers, the firm CryptoQuant (proving that analytics is simply commedia dell’arte with less wigs), the wallets of these impulsive actors—the short-term Bitcoin holders—have been rapidly emptied since late May. As of June 19, this motley crew commands but 4.5 million BTC, a tragic fall from their former 5.3 million BTC glory, all in less time than it takes a hypochondriac to list his symptoms.

What does this mean? Eight hundred thousand BTC gone in a twinkling—about 15.1%. The short-term holders, known for their fleeting dalliances and purse-clutching nerves, have dramatically thinned their ranks. In more exuberant times, these nouveaux-riches would flood the market, snatching coins from the withered hands of long-term ascetics, sending prices soaring in a frenzy fit for a farce.

But let the audience weep! When these short-lived lovers of Bitcoin retreat, the message is clear: new buyers are as rare as an honest lawyer. Those newly smitten with Satoshi’s gold? Fleeing, with profits stuffed under their doublets or licking wounds from ill-timed ambition.

Ah, the river of new money: parched!

Short-term holders now grip but 4.5M BTC, down 0.8M since the May masquerade.

Demand momentum? –2M BTC, a woeful record.

💸😱

— CryptoQuant.com (@cryptoquant_com) June 20, 2025

CryptoQuant insists the malaise is spreading wider than the woes of a lovesick Alceste. Demand momentum tumbles by 2 million BTC—the grandest drop in the historical annals! Buying yet persists, but with all the passion of Orgon faced with Tartuffe’s piety: tepid, half-hearted, and certainly not threatening to knock down any doors. Over the last moon, Bitcoin demand inched up by a mere 118,000 BTC, a pale echo of the 228,000 BTC leap at May’s end.

Nor is this a malady of the common folk alone; even the mighty institutional whales—those grand capricious patrons—are now content to nibble at a meager 1.7% monthly rate. Just weeks before, their voracious appetites devoured 3.9%. U.S. Bitcoin ETFs, those new-fangled financiers, now buy only 3,300 BTC daily, down from 9,700 BTC—perhaps distracted by the latest courtly intrigue.

The speculators in the futures market? No longer playing the optimist’s tune. Many cashed out when the price reached $110,000 last week, showing all the loyalty of a courtier at Versailles. Now, with grim enthusiasm, they’re wagering against Bitcoin, as the price slides toward $105,000. Never underestimate an audience eager for tragedy!

Yet behold! Not all players have left the stage. The grandees—those towering institutional figures—cling to their Bitcoin like Harpagon to his silver.

BlackRock, Strategy, and the Unstoppable BTC Mania

BlackRock, this week’s most tireless suitor, waltzed through a six-day spree, stuffing its coffers with $1.4 billion in Bitcoin. Now, this fat purse boasts 670,295 BTC, glistening at $74.8 billion—enough to fund a dozen lavish comedies (and perhaps a tragedy or two).

As for Strategy, largest of all corporate hodlers, they just plopped another 10,100 BTC atop their growing stash, emptying nearly $1.05 billion from their coffers. Led by Michael Saylor, a man with a taste for the dramatic, they now wield 592,100 BTC—almost 3% of all in existence. Oh, the envy!

Across the sea in Japan, MetaPlanet quietly piles Bitcoin high—just reached the noble 10,000 BTC! Meanwhile, The Blockchain Group in good old Europe also fattens its wallet. Fierce global competition inspires companies and even governments to chase Bitcoin’s elusive favor like suitors scrambling for the hand of a coquettish heiress.

Meanwhile, our protagonist, BTC, has performed a decidedly comic jig these past weeks, sauntering sideways between $100,000 and $110,000. At the moment of this writing, it perches daintily just above $106,000—a dainty leap of 2.4% from the week’s dismal nadir.
🎭💰

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2025-06-20 13:52