Bitcoin’s Uptober Shenanigans: Will It Moon or Spoof? 🌕💸

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What ho, old sport! Here’s the lowdown:

  • The SSR RSI is shouting “buy” louder than Aunt Agatha at a hat sale. 🛍️💰

  • Long-term Bitcoin chaps have squirrelled away 298,000 BTC-enough to make even Jeeves raise an eyebrow. 🧐📈

  • September’s green close is winking at Q4 like a cheeky bounder, promising 78% gains. 😉🤑

Well, I’ll be jiggered! Bitcoin (BTC) has been whipsawing about like a tipsy uncle at a wedding, but managed to end September 5% up at $114,000. Not too shabby, what? 🥂📉📈

The eggheads are chirping that this recovery from $108,000 might be the start of something spiffing. Let’s dive in, shall we? 🕵️♂️💡

Bitcoin’s Stablecoin Metric: “Buy, Buy, Buy!”

The Stablecoin Supply Ratio (SSR), which measures stablecoin buying power against Bitcoin, has taken a tumble. Its RSI is at 21-lower than a snake’s belly in a wagon rut. 🪨🐍

“Buy territory, old bean!” quoth CryptoQuant in an X thread, sounding like a chap who’s just spotted a bargain at Harrods. 🛍️💬

Last time the RSI was this low, BTC bottomed out below $75,000 before rocketing 67% to its current all-time high of $124,500. Talk about a rollercoaster! 🎢💥

A lower SSR means more stablecoin “buying power,” which is as reassuring as a stiff drink after a run-in with the aunts. 🥃💪

Tether USDt (USDT) has been minting like there’s no tomorrow-10 billion in 60 days! That’s fresh liquidity, my dear fellow, and a jolly good sign. 🌊💼

“Rising stablecoin supply is a strong tailwind during bull markets,” CryptoQuant noted, sounding rather like a cricket commentator on a sunny afternoon. 🏏☀️

Meanwhile, Bitcoin’s long-term holders are hoarding like it’s the Great Egg and Spoon Race, with 298,000 BTC stashed away. These chaps are as bullish as a prize bull at a country fair. 🐂🏆

“These signals could shape Bitcoin’s next big move,” CryptoQuant concluded, though one suspects they’re crossing their fingers behind their back. 🤞💭

BTC Price Flashes Bottom Signal (No, Not That Kind!)

As CryptoMoon reported, last week’s dip to $108,650 might have been the local bottom-like finding the last drop of port in the decanter. 🍷📉

Swissblock, those clever chaps, say the crypto market is resetting based on their aggregated impulse signal. It’s dropped to 20% from over 100%-a collapse more dramatic than Bertie Wooster’s attempts at responsibility. 🤦♂️📉

“That’s the moment panic exhausts and new buyers step in,” they explained, as if herding cats into a tea party. 🐱🍵

This reset has only happened thrice since 2024, each time marking a “cycle bottom” followed by a jolly recovery. Let’s hope history doesn’t take a holiday this time! 📚🔄

Bitcoin Avoids “Rektember” for the Third Year-Huzzah!

September, historically Bitcoin’s worst month, has turned bullish for the third year running. It’s like the weather-everyone complains, but no one does anything about it. ☔😒

September’s average return is -3% over 13 years, but this year’s close above $114,000 is as rare as a quiet moment with Aunt Agatha. 🌟🤐

Mikybull Crypto, that old sage, tweeted:

“Whenever $BTC closed green in September, Q4 usually brought a massive rally.”

Let’s hope he’s not crying wolf! 🐺📈

October to December is Bitcoin’s best quarter, averaging 78% gains. If history’s anything to go by, we’re in for a ripper! 🎉📊

In recent years, BTC rallied 48% in 2024, 57% in 2023, and a whopping 480% in 2013. Fingers crossed for another exponential leap, what? 🤞🚀

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2025-10-01 14:46