Will Bitcoin’s Bear Trap Catapult BTC to Six Figures? Bold Predictions & Clownish Capers

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Ah, November’s final act-like an overfed souffle, the market takes a tentative breath, perhaps pondering the absurdity of its own volatility.

Following three consecutive weekly blood baths-each siphoning off a staggering $970 billion-the crypto carnival finally shows a flicker of green. This week, the market dances up by over 5%, with a cool $160 billion (because who doesn’t love a hefty inflow?)-perhaps heralding the rarest of unicorns: a green weekly close in November. 🎩✨

Bitcoin, that stubborn digital pet, hogs 62% of these inflows, while the Altcoin Season Index takes a nosedive to mid-July levels-like a moody teenager ignoring its surroundings. With flows as BTC-centric as a conspiracy theory, the crystal ball seems somewhat clearer: December might just be the month for bullish shenanigans.

But, pause-no victory lap before BTC smashes through those pesky resistance levels. Remember, a bull run is just a romantic fantasysize until those key barriers fall like poorly built dominoes.

Enter Glassnode, the oracle of on-chain whispers. Four major supply clusters loom-like popcorn at a movie theater-threatening to stall our ascent. They’re orchestrations of long-term HODLers who, at their break-even point, might just decide to cash out. The drama is real, folks.

For the bulls to triumph, macro vibes need to stay supportive; otherwise, FOMO might retreat faster than a cat at bath time. Luckily, the Fear and Greed Index has nudged up by 8 points, making investors less paralyzed by terror-more cautious, less hysterical. 🐻➡️🐂

Meanwhile, the on-chain metrics are rebounding like a punch-drunk boxer-less risky, more appealing. Micro and macro signals seem to align, painting a picture of eager accumulation-perhaps a clever bear trap waiting to spring, and finally, to punch through resistance.

Bitcoin’s Six-Figure Daydreams: Is the Madness Near?

As Bitcoin adopts its Risk-Off costume, liquidity piles up like a teenager’s sock drawer-untidy, excessive, and begging to be cleaned out.

With sentiment weighing dangerously on the downside and traders betting against it (poor them!), large clusters of short-sellers created a veritable minefield of despair. Now, as risk sentiment perks up, many of those trapped shorts are feeling quite the sting-the kind that leaves a mark. 🧨

CoinGlass reports a whopper of $1.13 billion in liquidations this week, with over 61% from short bets-proof that the short-sellers are having a rough time. The first week of the month where shorts dominate, following three weeks of billion-dollar longs flushing out-talk about a rollercoaster ride.

And here lies the punchline-$100K. Its shiny, tantalizing beacon beckons in the distance.

Metrics? Improving! Net Realized Profit and Loss has flipped to green; realized losses are easing-like a bad breakup healing up. On-chain signals? Rebounding swiftly, indicating supply is being absorbed like a hot sponge. If this bullish momentum persists, we might just sketch that elusive six-figure landscape-probably as an entry in Bitcoin’s ongoing sitcom of surprises.

And those recent short-liquidation wipeouts? Like a wake-up slap, hinting the bulls are plotting bigger moves, setting bear traps, and preparing to conquer resistance with a grin.

Final, Slightly Sarcastic Musings

  • Bitcoin leads inflows-because who doesn’t want their digital piggy bank to get fatter-but resistance remains a stubborn mule.
  • Improving on-chain metrics and the great short squeeze trick all point to bulls sharpening their horns for a bigger dance-stay tuned, or don’t, I’m just here for the spectacle.

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2025-11-28 12:12