As the Solana ETF circus gallops into town, BlackRock’s decision to stick with Bitcoin and Ethereum is less “calculated strategy” and more “we forgot our keys in the car.” Analysts are scratching their heads. Is this a missed opportunity or a cosmic-level chess move? 🤷♂️
November began with Bitcoin playing king of the hill, only to tumble down it like a toddler learning gravity. A brief recovery? A cruel joke. The coin’s dominance metric, like its pride, lies in tatters. 🏰✨
Bitcoin, once the proud tsar of crypto, now stumbles like a drunkard in a snowstorm, its dominance rate bleeding from 61.4% to 58.9%. A fate worse than death? Perhaps not. Investors whisper of a rotation to alts, but such hopes are as fleeting as a moth’s last flutter.
Hong Kong, a market both tightly corseted and forward-gazing, hath embraced AMINA as its first international suitor in this crypto ballet. “A sophisticated market,” quoth Michael Benz, Head of AMINA Hong Kong and APAC, with a wink and a nod, “where professional investors seek trusted access to the crypto realm.” 🕴️
The sentence was handed out after investigators realized he’d been playing crypto chess with the devil himself-ISIS, but make it cashless. 🎲
Now, picture this: Dogecoin’s “macro” pattern isn’t a recent confection, no, it’s been simmering since 2021, when it heroically surged a staggering 36,000%. Yes, 36,000 percent-enough to make you question whether markets are just giant playgrounds for madmen or serious business. That rally was its crescendo, pushing values into the stratosphere, only to leave behind a long, slow simmer of a pattern that now, decades (or just two years) later, appears to be nearing completion. Like an aging actor finally delighting us with a comeback, Dogecoin’s long-term “cup” has been slowly forming, hinting at some future grand escape from obscurity-or perhaps another sitcom episode of chaos.
A little, perhaps. Like a kindly uncle offering a kopek to a beggar. These “LTHs,” as they call them, are attempting to purchase the dip, but alas, the panic of the short-sighted is a powerful beast, easily overpowering any sensible support. It’s a most disheartening spectacle! 🙄
Now, the Bitcoin sits in a new, unused address. What could this mean? Oh, no big deal-just that Mt. Gox may be planning some “future repayments.” But hey, nothing to see here. I mean, who wouldn’t be concerned about a future avalanche of Bitcoin hitting the market and, you know, sinking the price even further? 💀
The Donald has struck again, folks. His plan to slap a two-thousand-dollar tariff dividend on us in mid-2026 has sent the markets into a dizzying spin, as if they were doing the cha-cha with a bear and a bull at the same time. The pessimists warn of inflation rising like a hot-air balloon and crypto tumbling faster than a drunken man at a New Year’s Eve party. The optimists, however, are hoping that fresh liquidity will somehow lift everything up like a magician’s hat trick-just in time for Bitcoin to get its act together before the next big run. In the meantime, traders? Well, they’re busy crafting a master plan, balancing Fed decisions with on-chain trends, just trying to figure out which way the wind is blowing.
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Yes, Omkar sounds like he knows his stuff, and we’re sure he does.
