The great crypto whales, those leviathans of liquidity, are currently engaged in a frenzied juggling act with their coins, tossing them into the void of marketplaces with the enthusiasm of a particularly caffeinated squirrel. According to analyst Jordi Visser, this is eerily reminiscent of the dot-com crash of 2000, where stocks plummeted 80% before spending 16 years in a holding pattern that would make a sloth look like Usain Bolt. 🐢
Visser’s analogy is as clear as mud in a teapot storm: venture capitalists back then were trapped in their investments like gnomes in a locked shed, forced to wait out the crash before selling their shares in a panic. “We’ve seen the same thing,” he said, “except now it’s Solana, Ethereum, and Bitcoin getting the IPO-price-of-a-hamburger treatment.”
“Many stocks were trading below their IPO prices. We have a similar situation going on right now. VC and insider investors, desperate for liquidity or redemption, sold into every rally. That’s what’s happened to me for Solana, Ethereum, for every altcoin, and for Bitcoin.”
Visser clarified that crypto won’t take 16 years to recover (a relief for those who think “long-term” means “until next Tuesday”), but warned the current phase is like a library’s overdue fines: you don’t want to ignore it. He estimates one year of consolidation left, though the exact timeline may depend on how many people still remember how to use a dial-up modem.
Meanwhile, Bitcoin’s price dance has everyone clutching their wallets like a witch trial participant. Some analysts claim BTC has bottomed out around $100,000, while others whisper of a $92,000 plunge if selling pressure continues. It’s like watching a game of Jenga played with a chainsaw.
CryptoQuant’s Julio Moreno noted that whale selling isn’t inherently evil-unless you’re a small investor hoping to buy low. “Whales cash in at all-time highs,” he said, “but if demand isn’t there to catch the coins, it’s just a fancy fireworks show with no audience.”
Since October, long-term holders have been selling like it’s Black Friday at the coin shop. “Demand is contracting,” Moreno sighed, “which is about as helpful as a screen door on a submarine.”
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2025-11-09 23:58