Bitcoin Buyers Behaving Badly: Why the Dip is Delightfully Dramatic 😱

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Right. So Bitcoin‘s currently sulking at $113,600 like a teenager who’s been grounded (and yes, still down 1.3% in the last day because nothing ruins a party faster than percentages).

But wait! Amidst the general despair and frantic refreshing of trading apps, there’s a gaggle of plucky short-term holders merrily snatching up coins like they’re half-price Pradas in a Harrods sale. Utterly bizarre behavior. 👀

Short-Term Holders: Either Geniuses or Absolute Lunatics

These wallets-the ones holding Bitcoin for less than 155 days (very specific, thank you blockchain)-have been hoarding coins faster than Bridget Jones hoards Chardonnay. Currently clutching 2,503,798 BTC, up from 2,460,514 just a week ago.

That’s 43,000 BTC accumulated whilst prices did their best impression of a malfunctioning elevator plunging from $123k to $112k. Frankly, it’s either brilliance or madness-no in-between 🤷‍♀️.

This isn’t even new! In early June, when Bitcoin whimpered from $105,900 to $104,700, these mad lads and lassies scooped up 12,000 more coins… and boom, price soared to $110k. Coincidence? Or just traders with too much espresso and misplaced confidence?

Losses? Who Cares! (Apparently Them)

Now for the pièce de résistance: They’re selling at a loss. Voluntarily. The SOPR (Spent Output Profit Ratio-very fancy term for “how much pain are they in”) is below 1, meaning coins spent = tears shed. 💸

But THE TWIST? Despite this masochistic tendency, they keep buying. The supply among these wallets keeps rising. Truly, it’s like watching someone stub their toe, yell “BUGGER,” then immediately do it again for fun.

Historically, this combo-loss-taking PLUS aggressive buying-has marked bottoms. In August? Led to a $10k rally. So logically, if past behavior repeats (lol, as if crypto ever follows logic), Bitcoin might be prepping for another wild ride upwards. 🚀

Where Do We Go From Here? (No Really, I Have No Clue)

Bitcoin’s currently hovering just above $111,900 support-if it holds, we could see a rebound. If not? Well, grab your popcorn and possibly a valium. 🍿

Resistance levels are lurking menacingly around $114k and beyond ($118k being the BIG one). A breakout would mean bulls win (for now). A breakdown? Ugh. Best not think about it. 🙉

Final Note: If you want more of these*deeply scientific* crypto analyses (*cough* wild speculation *cough*), sign up for our newsletter. Or don’t. Who am I to boss you about? 😇

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2025-08-20 11:22