Bitcoin Bubble? Holders Hold Tight – Or Do They? 🤔💸

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All right, so Bitcoin‘s long-term holders are apparently acting like they’re holding their breath underwater waiting for the next big thing. They’re not selling much, thank goofball LTH Distribution Pressure Index for that -1.628, because that’s deep in what they call the “accumulation zone” (so, possibly just hoarding?).

Look, long-term holders spend, like, 221 BTC every day on average – that’s basically pocket change for them in recent months. And get this, their SOPR is 1.13. Yes, I know, that means they are still making money. Whoop-de-doo. But seriously, they just aren’t offloading their treasure trove aggressively. And here, we have Bitcoin at a whopping $89k – not that it means anything. If they just hold, what are we going to drink beer with?

People say the scarcity metrics are tightening. Bear with me, it’s as interesting as praying for nothing to happen. The Stock-to-Flow Ratio is at 798.8k, thank you post-halving dynamics for tightening up. Meanwhile, Stock-to-Flow Reversion is at 2.09. These nerds say the price is compressed compared to its value. Satisfying to see high-level math nerds still arguing like eternal 7th graders over stupid numbers.

Spot market data screams buy orders have been decidedly dominant here. But of course, there are still sellers hanging around to keep from everyone making a pea rally to the moon. Absorption over momentum, shocking, right? Nobody cares about derivatives-based wild guessing games. Real money is trickling in, steadily building a stronger base than whatever at the top that we hoped for.

OK, it’s time for the remarkable. Bitcoin busted out of its descending channel. Yet consolidation is the trend – no crazy moves, just a drifting range with $84,473 being the lower limit, and $93,476 looking up and bossy. It’s like they expect me to chart where each dollar rises and sets! If overshoot, Bitcoin’s sky-high, if undershoot, then it’s back down to earth with other boring coins.

Finally, the last laugh of the day – liquidations. Total liquidations at around $6.6 million, mostly short ones. It’s like a bunch of bears tried to bite and failed, now sitting around sulking instead of vowing vendetta. And funny enough, those liquidation spikes are cute little blips hanging out near the lows, and buyers are more than happy to pick them up during the day. Maybe the holders finally learned it’s not that exciting to sweat those situations.

In summation, Bitcoin is firm as tension-packed yoga, showing its potential for controlled consolidation rather than daring fragility. And if you’re hoping piety prevails, all signs mumble about stability while everything’s cautiously circling, preparing for a clear directive.

Final Thoughts

  • Long-term holders continue to hold their ground, hardly letting their Bitcoin supply go while sales momentum cools off – so nobody thinks of using it to pay for anything!
  • Spot demand and crashing liquidations make it all look calm and collected, preventing any crazy breakdown – too orderly for those who relish volatility.

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2026-01-03 05:14