Bitcoin’s Whales Swim Back Into Profits-Is the Party Just Getting Started? 🐋💰

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Ah, behold the magnificent Bitcoin, triumphantly straddling the exalted summit of $117,000-as if a cat stubbornly refusing to vacate the velvet throne. The latest bullish pirouette whispers that this bullish ballet is far from its final bow. The arcane on-chain incantations whisper to us: our capricious friend, BTC, has flared once again the embers of hope within the flocks of short-term devotees.

Short-Term Bitcoin Whales Are Back In The Profit Zone

Enter Darkfost, that market oracle cloaked in cryptic wisdom, proclaiming a renaissance of profit for Bitcoin’s short-term whalefish. These sea beasts, battered by tempestuous tempests of volatility, now recline comfortably on a chaise of green numbers, their unrealized gains blooming anew. After all, what’s a little turbulence between whale friends?

How speedily the market’s fickle moods swing! One moment trembling in trepidation, the next sashaying with swagger as prices perform their regal dance. This rebirth of optimism amongst the fresh leviathans of capital is no mere footnote-it’s the secret sauce in BTC’s price saga, for these piscine titans often push the market’s rudder toward brighter horizons.

Bitcoin Chart

Our sage Darkfost reminds us that these short-term holders weathered a squall early September, when the unrealized price sanctum slid roughly between $108,000 and $109,000. Yet, like tenacious barnacles clinging to a ship’s hull, they persist in defending that watery realm.

Historically, the temperamental tides briefly hurled these whales into the choppy waters of realized losses, only for them to mount a vigorous, albeit sarcastic, counteroffensive. The bearish muses-those fickle sirens-were swiftly silenced, allowing BTC to pirouette back upwards.

With these leviathans once again lounging in the sunlit coves of unrealized profit, the analytics connoisseurs prognosticate an extended BTC odyssey, perhaps even a triumphant return to all-time highs. Will the whales keep swimming? Spoiler: probably yes.

BTC’s Persistent  Respect Of The STH Cost Basis Bands

Glassnode, that all-seeing oracle of on-chain mysteries, draws our gaze to the Risk Indicator: Realized Price By Short-Term Age Cohorts. Bitcoin, it seems, politely nods in continued deference to the Short-Term Holder (STH) cost basis bands-those invisible fences shaping the wild beast of market sentiment.

Should Bitcoin stumble below the 1-month or 3-month realized thresholds, a grave silence might fall, signaling waning momentum. Yet, as long as it pirouettes above these hallowed bands, hope lingers for the FOMC’s enigmatic utterances to keep liquidity flowing like a champagne fountain at a whale’s soirĂ©e.

And lo! As these words are penned, BTC swaggers up nearly 2% in 24 hours, teetering at $117,257-a figure that’s like a mischievous wink from the universe. Meanwhile, CoinMarketCap’s scroll reveals a paradoxical potion: a mild bearish fog envelops investor sentiment as trading volume pirouettes down by 10% in a single day. Oh, the market’s eternal drama! 🎭

Trading View Chart

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2025-09-17 21:58