Bitcoin’s Wild Ride: Whales, Whimps, and $2K Checks 🤑

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Ah, Bitcoin (BTC), that fickle mistress of the markets, has once again surged above the $106,000 mark, as if the US government’s reopening were a grand carnival, complete with clowns and confetti. 🎉 Yet, in this theater of the absurd, one cannot help but wonder: is this the most despised bull run in history? Or merely another chapter in humanity’s endless dance with greed and folly?

  • Bitcoin, ever the opportunist, joins the risk assets in their triumphant rebound, as if the US government’s shutdown were but a fleeting nightmare. 🌈

  • Inflation data, that elusive specter, may soon return to haunt us, offering a glimpse into the Fed’s next move. Will they tighten the noose or loosen the chains? 🤔

  • Donald Trump, the eternal showman, promises $2,000 to most Americans, reigniting memories of COVID-era stimulus checks. Ah, the sweet scent of freshly printed money! 💸

  • Derivatives traders, those cautious souls, remain skeptical, unwilling to bet on new highs. Fear, it seems, is the only constant in this game. 😱

  • Bitcoin whales, those leviathans of the deep, continue their relentless selling throughout 2025. Are they fleeing the ship or merely trimming the sails? 🐳

BTC Price Spikes to $106,500

Ah, the weekly close-a moment of truth, a fleeting glimpse of hope for the bulls. Yet, as always, the market is a fickle beast, and $104,500 is but a stepping stone in this grand charade. 🌊

CryptoMoon Markets Pro and TradingView, those oracles of the digital age, confirm that BTC/USD clings to its 50-week EMA like a drowning man to a lifebuoy. Will it hold, or will the tide turn once more? 🌊

What a weekly candle close.

Are we ready for a green week on the markets?

– Michaël van de Poppe (@CryptoMichNL) November 10, 2025

“Keep an eye on $GOLD & $BTC 4H trend,” trader Skew quips, as if the markets were a grand chess game. Yet, in this game, the pieces are alive, and they bite. ♟️

The US government shutdown, that grand spectacle of political theater, has sent ripples through the markets, affecting both crypto and the broader risk-asset landscape. Ah, democracy in action! 🏛️

CoinGlass, that vigilant watchdog, reveals the stakes: $350 million in liquidations in just 24 hours. A small price move, a colossal impact. Such is the nature of leverage-a double-edged sword. ⚔️

CrypNuevo, ever the strategist, draws a line in the sand: “$105.5k-a cluster of liquidations awaits. The price will target that zone, like a moth to a flame.” 🔥

“Hitting the liquidations would likely add fuel to move price to $106.5k where there is an interesting resistance.”

Yet, caution lingers like a shadow. The uptick to $107,000 could reverse in an instant, leaving bulls to lick their wounds. Such is the nature of the market-a cruel mistress. 🦹‍♀️

$BTC so far so good.

I like the fact that volume is dropping & we just retested the long term weekly uptrend.

– Roman (@Roman_Trading) November 10, 2025

Shutdown Talk Brings CPI Week into Focus

Ah, the US government shutdown-a drama that never truly ends. With its potential conclusion, inflation data returns to the forefront, a harbinger of the Fed’s next move. Will they tighten the screws or loosen the grip? 🧐

BREAKING: The US Senate votes 60-40 to advance a bill in a major breakthrough to end the US government shutdown.

– The Kobeissi Letter (@KobeissiLetter) November 10, 2025

The Consumer Price Index (CPI), that elusive metric, is due Thursday, alongside initial jobless claims. A day later, the Producer Price Index (PPI) follows. Ah, the rhythm of the economic machine! 📊

The absence of the shutdown offers a window into the economy’s soul, including the impact of US trade tariffs. Yet, these tariffs face Supreme Court scrutiny-a wild card in this game of chance. 🃏

“Amid the data blackout, the Fed is cutting rates and market volatility is returning,” The Kobeissi Letter observes. Ah, the Fed-those masters of the monetary universe. Will they save us or doom us? 🦸‍♂️

Expectations point to another 0.25% rate cut in December, as per CME Group’s FedWatch Tool. Yet, in this theater of uncertainty, who can truly predict the outcome? 🎭

Stocks rebound on the improved US outlook, leading Mosaic Asset Company to declare this the “most hated bull market ever.” Ah, the irony! A market climbing a wall of worry-how Dostoevskian. 😏

“Excessive levels of fear” dominate market sentiment, yet the private sector remains resilient. Will this bull market defy the odds, or will fear prevail? Only time will tell. ⏳

Tariff “Dividends” Bring Back COVID-19 Memories

Bitcoin, ever reactive, surges on Trump’s pledge of $2,000 payouts, tied to his international trade tariffs. Ah, the sweet nostalgia of COVID-era stimulus checks! 💉

“A dividend of at least $2000 a person (not including high income people!) will be paid to everyone,” Trump declares on Truth Social. A grand gesture, or a desperate ploy? 🤡

Kobeissi swiftly likens the move to the COVID-19 stimulus checks. “Stimulus checks are officially back,” they write. Ah, the cycle repeats-history’s cruel joke. 🎡

The 2020 checks, invested in Bitcoin, are now worth $20,000. Will this time be different? Analysts eye an “additional liquidity catalyst.” Yet, in this game, nothing is certain. 🧪

Global broad money supply stands at $142 trillion-a record high. “Year-to-date, money supply has jumped +9.1%, driven by China and the US,” Kobeissi reports. Ah, the floodgates are open! 🌊

Yet, the tariff scheme hangs in the balance, awaiting the Supreme Court’s verdict. Will it stand, or will it crumble? Such is the nature of power-fragile and fleeting. ⚖️

Options Traders Are on the Alert

Bitcoin derivatives traders, those wary souls, show “little trust in a bottom” around $100,000. Fear, it seems, is the dominant force in the options market. A bottomless pit of anxiety. 😰

Glassnode, that oracle of onchain analytics, warns of surging put activity. “Even then, puts rose again, markets expect a retest and remain hedged,” they write. Ah, the hedged bets-a testament to uncertainty. 🤷‍♂️

“Options data show the market remains in fear mode, with little confidence in a lasting bottom.”

Open interest, that barometer of market sentiment, creeps higher. Yet, traders shun the odds of a rebound to $120,000. Ah, the long-term mindset-a rarity in this game of quick profits. 🕰️

Bulls, it seems, face an uphill battle. Stabilizing the price, staging a rebound-a Herculean task in this sea of fear. Yet, in the markets, hope springs eternal. 🌱

Bitcoin Whale Selling Becomes Standard

Bitcoin whales, those titans of the crypto world, dominate headlines with their relentless selling. Ah, the nervous traders-ever at the mercy of the whales’ whims. 🐋

On average, whales have sold over 1,000 BTC per day in 2025. Yet, zooming out, the picture changes. Accumulation, it seems, is the name of the game. 🌐

CryptoQuant, that bastion of onchain analytics, offers a glimmer of hope. “Whales are still accumulating in this cycle,” Darkfost argues. Ah, the long game-a rarity in this world of instant gratification. 🕹️

“Now, if we zoom out and look at the bigger picture, whales are still accumulating in this cycle.”

Even in recent months, accumulation has resumed. “So even though some whales seem to be exiting the market, we’re seeing new ones arrive, and existing players are continuing to accumulate as well,” the post concludes. Ah, the cycle of life-old whales out, new whales in. 🌊

Bitcoin accumulator wallets added 50,000 BTC in a single day as BTC/USD revisited sub-$100,000 levels. A testament to resilience, or a fool’s errand? Only time will tell. 🕰️

“Over the medium to long term, a portion of whales are still increasing their exposure,” Darkfost concludes. Ah, the long term-a concept as elusive as it is essential. 🌌

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2025-11-10 12:27