Bitcoin’s Not Dead Yet – $108K Bottom? Here’s Why You Should Care

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The gist, so you don’t have to pretend you read all this:

  • Bitcoin’s magic “entity-adjusted dormancy flow” (yeah, fancy words) dipped below 250,000 – historically, that’s when wallets start itching to buy.

  • The short-term holder NUPL just turned negative, aka sellers are throwing in the towel. Drama much?

  • Charts are doing their thing with V-shaped and double-bottom nonsense, hinting Bitcoin might shoot up to $118,000-$124,500 soon. Fingers crossed.

So, Bitcoin (BTC) traded about 5% above a “local low” of $108,650 – yep, that sounds precise – and three nerdy indicators are winking to say this might just be the bottom. Or not. Who knows?

The Mysterious Entity-Adjusted Dormancy (try saying that after three drinks)

This metric basically measures how much Bitcoin’s market cap is chilling compared to how long coins have been dormant. When it dips below 250,000 (that red circle you wish you understood), it’s like a flashing neon sign: “Buy, you lunatic!” It sunk to a wallet-friendly 133,300 on Thursday. VIP alert.

History nerds say that when this thing bounces back above 250,000, bull runs party hard – like July 2021, then Bitcoin moonwalked to $69,000. 🚀

So, with the metric flashing green again, maybe, just maybe, Bitcoin’s ready to strut back up near its all-time highs around $114,000. You’re welcome.

Also, SOPR (Spent Output Profit Ratio) is sitting at 1.5 – another cryptic number that apparently means “Hey, this is probably a bottom.”

Short-term holders throwing a tantrum: NUPL goes negative

The recent Bitcoin buyers, or “short-term holders” (STH) less than 155 days in, are shaking in their boots – the NUPL just turned negative. Meaning? Stress. Big drama.

Onchain oracle Glassnode (the crystal ball for crypto) tweeted Monday: “STH capitulation events historically mean market reset and fresh buying parties ahead.” Translation: sellers are exhausted; take advantage.

Crypto influencer Jack added on X (because where else?):

“The setup screams early accumulation.” Yes, it’s shouting. Loudly.

Negative NUPL has wallowed around price bottoms before – sellers give up, buyers swoop in, and prices bounce like a drunk on a trampoline. Case in point: April 2023’s dip below $75K, before BTC skyrocketed 65% to $124,500. So, there’s hope.

The charts are basically sending love notes to $108K

Since September 18, Bitcoin’s price chart is trying on a V-shaped pattern – a visual equivalent of a mic drop. After dropping 7.8% to $108,700 (buckle up), buyers piled in like it was a Black Friday sale, flipping the script sharply.

Relative Strength Index (RSI) jumped from a depressingly oversold 27 to a sprightly 53, meaning buyers are flexing their muscles. 💪

If the V-shaped pattern finishes its masterpiece, expect a headbutt against $118,000 resistance – about a 4% boost. Not bad for a humble turnaround.

Zooming out, Bitcoin’s daily double-bottom chart suggests it might just moonwalk all the way to $124,500 once the $118,000 barrier breaks. That’s like a 10% glow-up from here.

Crypto analyst Matthew Hyland sums it up as “just clean” – a fancy way of saying the charts look good, with a double bottom and a cheeky inverse head-and-shoulders pattern making Bitcoin look like it’s back in the game.

“Entering Q4 post halving where BTC has found cycle highs historically.” Translation: we might be in for some fireworks.

As CryptoMoon hinted, if Bitcoin breaks past $114,000, the $140,000 party might be just around the corner. Stay tuned, grab popcorn. 🍿

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2025-09-30 14:35