Market analyst Burak Kesmeci shared his insights on X, and let\’s just say, it\’s a pretty compelling case for a bullish reversal. 🤓 He points to the Bitcoin: 90-Day Market Price vs Realized Price Gradient Oscillator, which tracks the distance between Bitcoin\’s market price and its average cost basis (realized price) over the past 90 days. In simple terms, it\’s like checking if Bitcoin is on sale… and boy, is it ever! 🛍️
The numbers, as obsessively tracked by those who find joy in such things (CryptoQuant, they are called), reveal a draining of some $2.3 billion. A reversal, they say, of a month’s worth of hopeful inflows. One can only imagine the consternation in the halls of finance.
“If you, dear possessors of Bitcoin, yearn for a modicum of prudence, hasten your sale whilst the glittering coin yet blooms above the threshold of a hundred thousand,” pronounced Schiff with the confidence reminiscent of an oracle displeased with the fate he foretold. Earlier in the month, as if engaged in a litany of doom, he proclaimed Bitcoin to be “ridiculously overpriced.”
Traditional stablecoins, like USDT and USDC, are the backbone of DeFi and international money transfers. But let’s be honest-they’re like a town crier who’s lost their voice: everything’s shouted for all to hear. Wallet addresses, balances, transaction histories-it’s all laid bare on those permissionless blockchains. Any Tom, Dick, or internet-slinging harpy can snoop around like it’s their Sunday stroll.
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. 🧙♂️🔐
