Bitcoin’s Existential Crisis? 📉

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Right. So, crypto. Still… being crypto. Apparently, things are a bit “difficult.” Which, let’s be honest, is putting it mildly. Spot activity’s looking hesitant, derivatives are basically hiding under the covers, and everyone’s just generally feeling a bit…unenthusiastic. Meanwhile, America’s stock market is having a lovely time, defying all logic and doing the opposite. Honestly, the drama. 🙄

Bybit and some people called Block Scholes (sounds very Bond villain, doesn’t it?) have produced a report suggesting Bitcoin tried to, like, bounce back this month. Bless its heart. It didn’t work. It immediately went back to sulking in a very tight range. Weak confidence? You don’t say! 🤷‍♀️

Bitcoin’s Mini-Meltdown & Equity’s Glow-Up

Apparently, the whole thing started going downhill in October when Bitcoin thought it was being all confident and hit a high. Which resulted in a bit of a…purge. A “liquidation event,” they call it. Sounds brutal. Open interest is now loitering in the lower depths, which means everyone’s basically scared to put any more money in. Smart.

And then there was a brief flicker of hope in November when the Senate did something. Bitcoin briefly poked its head above $107,500 – how ambitious! – but then the US government remembered it existed and decided to reopen, and it all went…south. Like, way south. Now it’s hanging around $95,000. A six-month low! Oh, the indignity. 🥲

Meanwhile, actual, grown-up markets are celebrating the end of a 43-day government shutdown. It’s like they’re delighted to be functioning normally. How… pedestrian. The Dow’s hitting new highs. Just… bragging.

So basically, crypto’s now realizing it can’t just rely on political news to save it. It’s going to have to, like, actually earn confidence. A novel concept, I know.

Altcoins Are Also Feeling a Bit Sorry for Themselves

The altcoins? Oh, don’t even ask. They’re all stuck below levels they lost ages ago and can’t seem to pull themselves out of it. Very relatable. Momentum is… absent. It’s a whole mood. 😩

Derivatives are cautious. Options data is showing everyone’s bracing for more volatility. Put options are popular because apparently, everyone is predicting doom. Fun! Funding rates are all over the place, but generally leaning towards “nope.”

Analysts are saying people aren’t rushing in to buy after the recent disaster. Which makes perfect sense, really. Who wants to catch a falling knife? It’s just… cautious. Everything is very, very cautious. It’s exhausting.

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2025-11-16 17:40