Bitcoin Chartists: A Masterclass in Cluelessness
Bitcoin may go up
But this is NOT an inverse H&S
The level of incompetence about classical charting principles on X and YouTube is unbelievable
Bitcoin may go up
But this is NOT an inverse H&S
The level of incompetence about classical charting principles on X and YouTube is unbelievable

According to the wise scribes at Brave New Coin, Solana’s price is currently lounging below $100, as if it’s taking a nap after a night of overindulgence. Yet, the technical runes and the bustling transaction taverns suggest a tale of resilience. Will it rise like a phoenix, or will it faceplant into the mud? Only the Disc-er, the market-knows.

Gemini Space Station Inc.’s stock (GEMI), which once soared with the promise of innovation, has now experienced a significant decline of fifteen percent following the departure of three esteemed individuals, as disclosed in a filing dated February 17.
“I do think that if this proves to be transitory, and we can show that we’re on path back to 2% inflation, I still think there’s several more rate cuts that can happen in 2026, but we’ve got to see it.”

Here we find Bitcoin, that rebellious child of the digital age, still clinging to its meager existence below the mighty threshold of $70,000. Investors, like lost sheep, seek direction after a chaotic purge of liquidations only a fortnight past. The price dance resembles a drunken sailor, swaying precariously, driven by the capricious winds of futures trading rather than the sturdy sails of real spot market demand.

Picture, if you will, the 1-week SOL liquidation heatmap-a veritable map of doom, where leverage huddles together like frightened villagers before a marauding band of thieves. A lavish pile of liquidity, exceeding a staggering $10 billion, festoons the neighborhood of $90-$92. Why, it’s as if all of Solana’s hopes and dreams have decided to throw a party there, yet every time it tries to enter, it gets unceremoniously tossed back! Should SOL dare to tiptoe into this lair again, one can only imagine the short liquidations that would ensue-like a catapult launching a hapless potato into the stratosphere, sending the price careening toward $95-$100, only to cool down faster than a cup of tea left out in the winter chill.

CryptoQuant contributor Darkfost (@Darkfost_Coc) said Binance is seeing a notable rise in whale activity as the drawdown pressures participants “from retail participants to whales and even institutions.” His focus was the “whale inflow ratio,” a metric that compares BTC inflows from the 10 largest transactions against total exchange inflows, smoothed using a weekly average to reduce the impact of one-off transfers.

The price of M actually jumped nearly 30% in just two days, but it has since come down a bit in recent trading.
Behold, the downward spiral of Dogecoin, a tale of 28.02% decay over thirty days, a slow suffocation by the serpent of apathy. Yet, lo! Some hopeful souls, like Sisyphus, dared to believe a reversal would come, their hearts alight with the delusion of a bullish dawn. But the coin, that capricious wench, laughed in their faces, spurning their bets with a sneer as sharp as a dagger. Thus, $304,860 was erased in mere minutes, a sum that might have fed a thousand souls, now lost to the void.

On-chain data, that cold and impartial observer, reveals a shift in the structural winds. Earlier this month, each downward lurch was accompanied by a flood of tokens into exchanges-a classic distribution pattern, where holders, like nervous debutantes, prepared their liquidity for the inevitable sell-off. But now, as LINK revisits the $8.5-$8.8 region, the deposits have flattened, like a tired sigh after a long monologue. The absence of fresh supply, as the price tests its resolve, suggests that the sell-side inventory has been largely exhausted. The market, it seems, has moved from active distribution to passive holding-a distinction as subtle as it is significant. For, as any seasoned trader knows, markets fall swiftly when supply is abundant, but stabilize when the inventory is absorbed. The current flow profile hints that the sellers, once so vocal, have fallen silent, leaving the price to the mercy of demand rather than forced liquidation. If inflows remain muted, the $8.5 zone may yet become an accumulation band, a sanctuary for the hopeful. But should deposits surge anew, it would signal redistribution, reopening the door to lower liquidity pockets near $8.0. For now, the on-chain behavior leans toward absorption, a quiet interlude before the next act.