Oh great. Just when I thought it was safe to check my portfolio again, Bitcoin drops 12.25% in a week. 🎭 Like a sitcom character who always picks the wrong door, the crypto market keeps choosing chaos. CryptoQuant CEO Ki Young Ju-who, by the way, sounds like a character from a Korean drama about hedge fund managers-says we’re now in a “profit-taking phase.”
Macro liquidity? Sure, that’ll fix it. Or maybe a miracle. Either works.
Translation: people who bought low and pretended they knew what they were doing are now cashing out because, shocker, they want to not lose money. Who could’ve seen this coming? Probably everyone. But still, here we are.
According to Ju, the Profit & Loss (PnL) Index-aka the “Are You Feeling Lucky?” gauge-is flashing red. It measures how much the average investor is up or down. And right now? A lot of wallets are sitting on gains. You know what happens then. Panic. Panic happens. People sell like it’s Black Friday and Bitcoin is a flat-screen TV.
Bitcoin is in a profit-taking phase.
The PnL Index measures profit and loss based on all wallets’ cost basis. Classic cycle theory says we’re entering a bear market.
Only macro liquidity can override the profit-taking cycle, just as we saw in 2020.
– Ki Young Ju (@ki_young_ju) November 22, 2025
So basically, we’re stuck in this awkward phase where nobody wants to buy, but everyone wants to sell. It’s like a dinner party where all the guests brought casseroles but nobody brought forks. 🥄
Ju says the only thing that can save us is “macro liquidity.” Sounds impressive, right? Probably means “some billionaire somewhere decides to throw a bucket of money at the problem.” Like in 2020, when the Fed basically opened the vaults and said, “Here, have some free money, go nuts.” And we did. And it worked. Until it didn’t.
So unless Jay Powell suddenly wakes up and says, “You know what the world needs? More leverage!” Bitcoin might be in for a long, cold winter. A cooling-off period. A digital timeout. A snooze-fest. ❄️
Right now, BTC is trading at $83,589.18-up 1.35% in the last 24 hours, which is cute, but also meaningless. It hit $85,503 earlier, did a little happy dance, then tripped and fell back down. Volume? Down 22.47%. Because who’s trading? My grandmother? She’s too busy watching Wheel of Fortune.
Analysts Predict Bottom-Spoiler: It Involves More Pain
RSI is in oversold territory, which means Bitcoin is so cheap even skeptics are starting to whisper, “Hmm…” Analysts think the bottom might be around $78,000. So yeah, we’ve got another 7% of discomfort to go. Thrilling.
And then there’s Raoul Pal-the guy who’s never wrong or just never shuts up, depending on your perspective. He says, “Relax, this is normal. It always happens. The sun will rise, birds will sing, Bitcoin will recover.” Maybe. Or maybe we’ll all end up trading JPEGs of apes for subway tokens. 🐵🚇
Look, if history repeats itself, sure, we bounce back. But until then, I’ll be over here, quietly questioning every life decision that led me to care about a made-up currency. 🙃
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2025-11-22 17:18