Key points:
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Bitcoin bumbles around $114,000 as some aquatic mega-beast anticipates even more BTC heartache. ๐ณ๐ข
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Price giving short-term folks a right old headache, their break-even just nibbling below $114,000. Ouch! ๐ธ
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Key moving averages loom as support, like grumpy old uncles at a family reunion. ๐๐
Bitcoin (BTC) tripped over its own feet trying to rebound at Mondayโs Wall Street yawn-fest, courtesy of a whale with questionable life choices doubling down on betting against BTC prices. Sarcasm intended. ๐
Bitcoin whale throws temper tantrum on BTC dip
Data from CryptoMoon Markets Pro and TradingView shows BTC/USD scampering away from highs of $116,000 like a cat from a vacuum. ๐โก๏ธ๐ฟ
The pair slammed shut an upside โgapโ in CMEโs futures, then dove below the open faster than Arthur Dent dodging Vogons. ๐
$BTC CME Gap has now been closed โ
– Daan Crypto Trades (@DaanCrypto) October 13, 2025
Markets yawned at US gov chatter about US-China natter that might dodge tariff Armageddon. Who knew diplomacy could be this boring? ๐๐
Treasury Secretary Scott Bessent mumbled something about โworking levelโ talks with China later. Because scheduling a chat fixes everything, obviously. ๐ผ๐
โWe believe this is a tactical escalation (by Beijing) to shape pre-summit bargaining, not a strategic decoupling,โ Morgan Stanley boffins scribbled, as per Reuters and whatnot. Analysts: making the obvious sound profound since forever. ๐๐ค
As traders twiddled thumbs for hints, eyes turned to an anonymous whale who cashed in on Fridayโs $20 billion bonfire of liquidations by shorting before China dropped its bombshell. Profits: ka-ching! ๐จ๐ฅ
Monday, the beast-added more shorts, now eyeing 3,500 BTC worth, liquidating around $120,000. Rich folks playing chicken with crypto? Expected. ๐ฐ๐ค
โAs I said yesterday, he maybe wants to lose money or get liquidated so people wonโt think he had insider information,โ quipped crypto whiz Ted Pillows on X. Because nothing says โnot guiltyโ like wanting to lose billions. ๐
Max Keiser roared that โbanks are lending (ie printing) billions to fund naked Bitcoin-shorts.โ And added, โIt wonโt work.โ Famous last words, or just optimism? ๐ฆโก
Bitcoin speculators: Profits? Losses? Potato, po-tah-to ๐ฅ
BTC circled a support level like sharks around a buffet: the average cost of short-term holders (STHs). ๐ฆ๐ฝ๏ธ
As CryptoMoon ranted, STH wallets (those holding up to six months) act as a safety blanket in bull runs gone awry. Cozy! ๐ด
Glassnode pegs STH basis at $113,861 as of Sunday. Because precision in chaos is oddly comforting. ๐ ๐ก
CryptoQuant waved its magic wand at three lines to eyeball: 30-, 90-, and 200-day SMAs. Like gazing into tea leaves for market sanity. โ๐ฎ
In a blog waffle, Arab Chain pontificated:
โThis structure suggests that the long-term structural uptrend remains intact (as the price is still above the 200-DMA), but short- to medium-term tactical momentum has weakened, with the price now below the 30- and 90-DMA, which have converged into a dynamic resistance zone.โ
Translation: Long up, short down, hold tight or die of boredom. ๐๐
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2025-10-13 20:26