Key points:
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Bitcoin, that elusive siren, lured traders with a $111K siren song, but the weekend’s melody may soon turn into a lament. 🐉💸
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Coinbase, the modern-day alchemist, witnessed a Bitcoin whale performing his arcane ritual of BTC distribution. 🧙♂️
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Bulls, those valiant knights, still stare at the unyielding fortress of $111,200. 🏰
Bitcoin (BTC) sought a late-night embrace with Sunday’s close, but the key levels remained as distant as a fairy tale. 🕯️
Bitcoin Traders: “Sunday Pump” or “Sunday Slaughter”? 🤔
CryptoMoon Markets Pro and TradingView tracked BTC’s antics, which reached a local high of $111,129 on Bitstamp-like a ghost haunting a haunted house. 🏰
Though still trapped in a gilded cage, this peak marked a November high, as if the market had finally found its lost soul. 🕯️
“Binance and Coinbase are bidding on $BTC now,” declared Ted Pillows, a crypto prophet who’s probably been drinking too much espresso. ☕
Pillows noted that the week’s sell-side pressure was as relentless as a Russian winter. 🧊
A weekend rally, he warned, would likely end in tears when TradFi markets return. “Another Sunday pump, and we know how this ends,” he added, as if predicting the apocalypse. 🌪️
Exitpump, the market’s resident oracle, forecasted a Sunday surge topping out at $114,000. “But don’t bet your soul on it,” he cautioned, as if the market were a fickle lover. 💔
“If that’s going to happen, price could flirt with 113k and 114k, but I’m about as confident as a cat on a trampoline,” he wrote. 🐱
Not everyone was in the mood for a party. Trader BitBull observed a Bitcoin whale, that enigmatic figure, distributing BTC like a miser hoarding gold. 🧛♂️
The insider OG whale is selling more Bitcoin.
Today, he deposited another $55M in BTC to Kraken.
Since the October crash, the whale has sold over $650M in $BTC.
When will he stop dumping?
– BitBull (@AkaBull_) November 2, 2025
BTC’s Support: A Mirage in the Desert 🌵
Rekt Capital, the market’s resident seer, highlighted Bitcoin’s 21-week EMA as a potential savior. But alas, it remained as distant as a mirage. 🌅
“Bitcoin is not too far away from reclaiming the 21-week EMA… for a successful post-breakout retest,” he mused, as if speaking to a ghost. 🕯️
Pillows, ever the skeptic, demanded bulls flip $112,000 back to support. “A failure to do that will result in a bigger correction,” he warned, as if the market were a ticking time bomb. 💣
$BTC pumped a little on the US-China trade deal.
But the strength is still not there.
Bitcoin needs to reclaim $112,000 level with strong volume for more upside.
A failure to do that will result in a bigger correction.
– Ted (@TedPillows) November 2, 2025
Cas Abbe, the onchain prophet, placed BTC’s antics in the context of Fibonacci levels. “BTC usually bottoms around 38.2%… but will it repeat this year? Probably not,” he quipped, as if the market were a rebellious teenager. 🙄
“BTC dropped to this exact Fibonacci level, and then bounced back. If history is anything to go by, BTC has bottomed out. And if BTC closes a monthly candle below it, the bull run will be most likely over.”
The level in question was just above the $100,000 mark-a price so low, it’s practically a relic. 🧟♂️
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2025-11-02 18:45