In these tempestuous times of trade tantrums and currency sabre-rattling, Bitcoin has ascended to the realm of financial contrivances deemed “unassailable by politics.” As governments flail like drunkards at the wheel of a supertanker, the crypto crowd clings to BTC’s decentralized utopia with the fervor of a Victorian duchess clutching her pearls. A world where money is no longer a pawn of statecraft? How very 2024.
Bitcoin’s Performance During Periods Of Instability
The geopolitical tension may boost Bitcoin. Walter Bloomberg, that indefatigable oracle of the financial world, has taken to X (formerly Twitter, now a relic of the Stone Age) to opine that BTC’s recent rebound suggests investors are fleeing reality into the crypto abyss. He cited 21Shares’ Matt Mena, who declared BTC a “neutral reserve asset”-a term so oxymoronic it deserves its own Nobel Prize in Absurdity. Gold and silver, those ancient relics, now share the pedestal with a digital ledger? Progress!
BTC, that mercurial digital baron, has historically shunned consecutive annual declines, a habit as reliable as a British summer. After a 6% slump last year, it now teeters at $93,740, having briefly flirted with $94,725-a seven-week high-like a debutante at her first ball. One must admire its resilience, though it’s unclear whether it’s dancing or merely avoiding a fall.
An analyst known only as “Juicy” (a name that suggests either a nickname or a desperate plea for anonymity) noted that doubling one’s money in a year is “exceptional” for the average mortal. Ah yes, the modern alchemist’s dream! Yet Juicy wisely observes that most mortals lack the fortitude to hold BTC through bear markets, cashing out at 3x gains like children abandoning a haunted house. Emotional attachment to money? How quaint.
Generational wealth, according to Juicy, requires weathering 50% drawdowns like a Stoic philosopher in a casino. His strategy? Sell small portions at milestones-$250k, $500k, $1m-and keep the “main stack” intact. A plan so Zen it makes a monk’s vow of poverty seem impulsive.
Extreme Supply And The Shift In Spot Momentum
A trader dubbed DD (one wonders if this is a pseudonym or a confession) observed that BTC recently collided with “extreme supply” and was summarily rejected, like a suitor rebuffed at a royal ball. This was followed by a “sharp push lower,” driven by heavy spot selling. How thrilling! It seems the market is not a dance but a duel.
DD, that scribe of chaos, noted the weak weekly low has been cleared. Now, the market enters a phase where “response matters more than continuation.” If BTC forms “local accumulation inside demand,” long exposure beckons. But if it stumbles back into supply with the grace of a drunkard, short sellers will rejoice. Losing $91k opens the door to $87,800-a level so dire it makes Brexit look optimistic.
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2026-01-07 21:43