Bitcoin’s 40% Discount: A Hilariously Low Price Before a $100K Moonshot!

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Key Takeaways (Because Who Doesn’t Love a Good List?):

  • Bitcoin is apparently on a massive sale, with a 40% discount. Talk about a bargain! 😏

  • On April 25, a staggering 36,000 Bitcoin were spirited away from Coinbase and Binance. Who’s hoarding all that digital gold? đŸ€‘

  • Bitcoin’s fractal pattern from Q4 2024 could push prices above $100,000 in April. Yes, you read that right, $100K. 💾

Well, well, well. It seems that Bitcoin (BTC) is currently on a delightful 40% discount, as if the market is throwing in a ‘Buy One, Get One Free’ offer on cryptocurrency. This delicious tidbit comes courtesy of Capriole Investments’ Charles Edwards. 😎

According to Edwards, following the halving in April 2024—which cut the block reward to a mere 3.125 BTC—Bitcoin’s energy value (which is apparently the new ‘it’ metric) is now a staggering $130,000. If that doesn’t make you think twice, I don’t know what will. Perhaps a small mortgage on your house? 🏠

Data from CryptoQuant reveals that Coinbase saw over 8,756 BTC (around $830 million) withdrawn on April 24. Maybe it’s just me, but when an exchange has that kind of outflow, you’d think someone’s gearing up for a big purchase—ETF, anyone? The market is whispering about institutional buying and ETF purchases. Are we talking about another ‘Bitcoin binge’? đŸ»

This is absolutely in line with the recent spot Bitcoin ETF inflows. According to Bloomberg’s resident ETF guru, Eric Balchunas, institutions have been on a $3 billion ‘Bitcoin bender’ over the past few days. I mean, who wouldn’t want a taste of the Bitcoin party? đŸ•ș💃

Meanwhile, Binance saw outflows of 27,750 BTC on April 25. Alphractal founder Joao Wedson was quick to note that this is the third largest Bitcoin outflow in Binance’s storied history. So, is this the start of a bullish run, or just another brief flirtation with fortune? đŸŽČ

“In 2021, massive outflows didn’t prevent the dump triggered by China’s crypto ban (April–May). On the other hand, continuous outflows over several days, like during the FTX collapse, signaled a bottom and recovery.”

Will Bitcoin’s Fractal Pattern Push BTC Above $100K in April? (Spoiler: It Might)

As Bitcoin marches on, its weekly performance marks its highest return in 2025—perhaps signaling the calm before a storm of moon-bound prices. Oh yes, the hype is real, and it’s delicious. 🌕

As evidenced by the chart, Bitcoin is currently consolidating at a higher range after breaking out, a classic move from Q4 2024. It’s like dĂ©jĂ  vu, but with better returns. đŸ€” After a 13% rise between Nov. 5-9, BTC proceeded to enjoy another 15% increase between Nov. 10-11. Oh, how we love the pattern of success!

Fast forward to April 21-25, and voila, BTC is up by 11%. With the relative strength index (RSI) showing increased buying pressure, it wouldn’t be a stretch to predict a 7-10% jump in the next few days, possibly pushing BTC above $100,000. A little rally never hurt anyone, right? đŸ’Ș

But let’s be real: Fractal patterns are not always reliable, despite the apparent dĂ©jĂ  vu. Unlike in Q4, when Bitcoin roared into price discovery without resistance, this time there’s an overhead resistance level at $96,100 that could act as a speed bump. But let’s be optimistic—who doesn’t love a good underdog story? 🏁

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2025-04-27 09:45