Ah, the crypto market, that grand masquerade ball where fortunes waltz in and out like ghosts in a Gogol novella! Ali Martinez, that keen-eyed observer of financial follies, has noted a most spectacular collapse-capital inflows, once a robust $60 billion, have shriveled to a mere $10 billion, like a nose in a frosty Russian winter. 🥶💰
Capital inflows into the crypto market have fallen from $60 billion to $10 billion over the past month.
– Ali (@ali_charts) November 29, 2025
Meanwhile, the Fear and Greed Index lingers at a paltry 20, as per CoinMarketCap’s somber data. Investors, poor souls, tremble like characters in Dead Souls, clutching their Bitcoin as it plunges to $80K, a brief but terrifying descent into the abyss. 🌪️📉
A Market Losing Steam, or Perhaps Its Marbles? 🎢🤪
Santiment, that wise yet sardonic oracle, declares last week’s market bounce as fleeting as a Gogol protagonist’s sanity. Extreme oversold conditions vanished like a ghost at dawn, and the “buy the dip” mantra faded into the ether. Fear, that old friend, has taken the reins, whispering tales of liquidations and high-risk positions. 🦴💨
Ethereum, once a proud stallion, now stands trembling before a resistance wall at $3,200-$3,250, a barrier as impenetrable as a bureaucrat’s office in The Overcoat. Traders watch with bated breath, knowing rejection could spell doom. 😰🧱
Large Bitcoin wallets, once voracious accumulators, have grown timid, while smaller wallets scramble like peasants in a Gogol farce. Stablecoin yields at 4% hint at a market as lethargic as a government clerk on a Tuesday. 🦥💤
Bitcoin wallet accumulation | Source: Santiment
Earlier, a spike in debt repayments sent the market into a panic, a moment as dramatic as Akaky Akakievich’s quest for a new overcoat. This week? Nothing but flat debt flows, a market as indecisive as a Gogol hero at a crossroads. 🛑🤷♂️
Santiment’s advice? Step aside, for when nothing stands out, it’s best to avoid the chaos, like a wise observer in a Gogol tale. 🧘♂️🌀
Bitcoin Loses Leadership: A Tragicomedy in Three Acts 🎭😢
Swissblock’s Bitcoin Vector, that modern-day narrator of financial folly, declares Bitcoin’s fall from grace. Breaking through crucial support levels, BTC’s momentum vanished like a character in The Nose. Mid-cap assets now lead the dance, while large caps offer a safe haven for the faint of heart. 💃🕳️
One scenario we need to consider for the final stretch of the year: the full strength may not return to BTC.
BTC broke structure, and the market immediately rotated out.
Market Phase is telling us the same thing, momentum isn’t flowing back into Bitcoin yet. 👇
– Bitcoin Vector (@bitcoinvector) November 28, 2025
Heavy BTC selling has pushed Bitcoin’s dominance into the shadows, like a forgotten character in a Gogol story. Investors, lacking conviction, now wander in a fragile market, driven by selective rotation rather than bullish vigor. 🌪️🐻
Bitcoin Vector’s verdict? Only sustained dominance growth can restore BTC’s crown. Until then, the market remains a Gogol-esque spectacle of uncertainty and whimsy. 👑🤡
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2025-11-30 20:15