Ethereum’s $10B Short Squeeze: A Bull’s Gambit or Bear’s Trap?

Only if bulls can muster the stamina of a Victorian drawing-room party guest-unrelenting, slightly drunk, and utterly uninvited-to break through those pesky resistance levels. 🚀

Only if bulls can muster the stamina of a Victorian drawing-room party guest-unrelenting, slightly drunk, and utterly uninvited-to break through those pesky resistance levels. 🚀
The Puell Multiple, that arcane metric beloved by on-chain oracles, has hit an all-time high. According to Joao Wedson of Alphractal, this suggests ZEC miners are thriving like gourmands at a buffet. A rising Puell Multiple, he claims, is not merely a number but a declaration of profitability. One wonders if the miners now fund their retirement plans with Bitcoin-shaped gold bars. 🏦

Absolutely, if demand and user growth persist. WLD could break $1 and target resistance near $1.2. Or, you know, collapse like a soufflé. No pressure. 🤷♀️

According to the ever-so-optimistic crypto analyst Bitcoin Meraklısı (who you can totally trust because, well, they’re on the internet), Worldcoin has allegedly broken out of its two-month downtrend. Hallelujah! 🙌 But wait, there’s more. The real test now is whether it can hold steady above that trendline and retest it like a real champ. Oh, and the 4-hour chart, because we all know that’s where the magic happens, suggests that if Worldcoin actually manages to pull this off, it could ride its newfound momentum all the way up to resistance levels. Maybe even higher. Maybe. 🤷♀️
“Modern nation-states, these ancient relics, are nearly 380 years old,” Hope mused, as if recounting the tale of a forgotten war, “pre-dating even the discovery of oxygen and gravity! How quaint!” The internet and blockchain, he argues, are the new muskets of societal organization, allowing humanity to forge bonds across borders as easily as a farmer sows seeds. 🌍⚡
Arkham Intelligence, the wise old owl of on-chain data, reveals this mysterious wallet holds 72.4 million ETH. That’s enough to buy a small island, a few castles, and maybe a pet dragon. At $252 billion, it’s the richest wallet in the realm-though it’s not exactly a “wallet” anymore. It’s more like a vault guarded by invisible gnomes. 🧙♂️🔐

Indeed, the buy-side pressure roars like a man possessed, and the bullish sentiment whispers sweet nothings into the ears of traders. Yet, will momentum hold, or shall it crumble like the hopes of a certain underground man? Only the abyss knows. 🤔💸
Historically, Bitcoin’s performance has been a predictable quadrille, each step choreographed by halving events, those dramatic reductions in block rewards. Every four years, the crypto ecosystem would don its finest attire for a bull run, only to trip gracelessly into sharp corrections. But, dear reader, the script has been torn asunder! 📜✨

The rate of XRP has risen by 3.80% over the last day. Congrats, XRP! You’re basically the class president now… for 5 minutes. 🎓
Caught in the web of fascination, data from CoinGlass reported such fervor and frenetic motion within the SHIB ecosystem that any reasonable observer must see the rekindling of its fire. Here was a beast, once caged, now bounding freely across the futures market, a testament to human credulousness-or was it calculated audacity?