Hark! A Most Curious Report:
- ‘Tis said Bitcoin doth stir with a renewed vigor, approaching the astounding sum of $117,000 – a price fit for a king, or perhaps, a charlatan!
- The markets, alas, are ever fickle. Liquidity lies beneath, a serpent ready to strike, threatening to punish those who wager too boldly. 🐍
- Gold, that ancient standard of value, again achieves heights unseen, and Bitcoin, with a touch of imitation, doth attempt to follow in its gilded footsteps.
Behold! Bitcoin (BTC) doth draw nigh to $117,000, as speculators, like moths to a flame, eagerly avoid a decline in its worth. A most precarious pursuit, I say! 🧐
The Bullish Rabble and their Illusions!
From the learned scribes of CryptoMoon Markets Pro and TradingView, tidings arrive of new peaks, a zenith reached at $116,593 on Bitstamp. Oh, the audacity of man to assign value to such ethereal things!
Following a passable September, and a tolerable Quarter, whispers of unprecedented heights are once again afloat.
“The next obstacle,” quoth the analyst Ted Pillows (a most curious name!), “lies around $117,500. Should Bitcoin conquer this bastion, a grand rally shall commence!” But beware, good sirs and madams, for Mr. Pillows doth also warn of perilous liquidity, a beast that can just as easily drag the price down into the abyss.
He doth speak of hidden traps upon the exchange, where unscrupulous traders lie in wait to exploit the naive. A most unsettling thought!
$BTC possesses two alluring, yet dangerous, clusters of liquidity.
One near $107,000-$108,000, ripe with $8 billion in potential misfortune (for the long-sighted!).
The other around $118,000-$119,000, where $7 billion await those too eager to wager against the ascent.
Tell me, which calamity shall befall us first?
– Ted (@TedPillows) October 1, 2025
The previous day, a certain TheKingfisher did foretell a correction, warning of “massive long liquidations” – a phrase that speaks of ruin and woe! 😱
As CryptoMoon doth observe, these “fakeouts,” as they are known, are commonplace. Large traders prey upon the gullible, twisting the market to their own advantage. A most dishonorable practice!
CoinGlass reports a staggering $400 million lost to short liquidations in a single day! Verily, a fortune vanished into thin air.
Gold, the Steadfast Servant, Achieves Glory Once More!
Bitcoin’s momentary flourish coincides with yet another ascent of Gold, that most venerable of metals. A fresh record of $3,895 per ounce! 🥇
Traders of Bitcoin have long desired their digital coin to mirror Gold’s performance. It is posited that this imitation began a mere eight weeks past.
The astute HTL-NL doth present a chart of Bitcoin, measured in Gold, endeavoring to breach long-held resistance. A visual spectacle, to be sure, though its outcome remains uncertain.
$BTC in gold.
– HTL-NL 🇳🇱 (@htltimor) October 1, 2025
But Andre Dragosch, a scholar from Bitwise, doth perceive a waning in Gold’s momentum. He decries the “herding” and “group think,” suggesting the rally hath overextended itself. A most sobering assessment!
He proclaims, with a wink (I presume), that this may herald a shift in favor of riskier ventures – and perhaps, a resurgence of Bitcoin. A cunning proposition, indeed!
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2025-10-01 13:20