This single purchase, you see, rather impertinently exceeds the entire network’s issuance for the last month. 72,795 ETH, you say? How dreadfully provincial! They’ve promptly staked it, of course, to earn…rewards. Oh, the pursuit of profit! One shudders to think of the vulgarity of it all.
And behold! A colossal sell-off of Bitcoins does precisely nothing to the price. The plot thickens. Source: X
Despite minor pullbacks, the cryptocurrency clings resolutely to local supports, suggesting an underlying strength that could make even the most resilient of philosophers blush. At this moment, FLOKI trades at $0.0001292, comfortably nestling above its short-term support level, much like a bear hugging its favorite tree.
In a scene reminiscent of a never-ending theatrical performance, the rate of Bitcoin (BTC) has steadfastly maintained its position since yesterday, and perhaps even longer — time has become a curious notion in this market. 🕰️
This phantasmagoria grew legs (flippers?) after ghostly old posts and strange cosmic timings between the projects collided. Speculators, ever hungry for the next scandal, began to whisper of a clandestine corporate gobbling. Because when a penguin waddles, surely he’s hiding a deed of acquisition somewhere in his plump feathers, is he not?
If you think back, out of 13 summers, Bitcoin only managed to end August with a smile (green, folks, not the green with envy) four times. The other nine? A lovely shade of crimson, often with losses that make your blood pressure spike into double digits. Ouch! 🩸📉
Now, this digital treasure chest is flaunting a total of $22.7 million, split between two leveraged positions: XRP and SOL. The XRP long is raking in an unrealized profit of $87,227—kind of like finding coins in the couch. Meanwhile, SOL adds another $9,672 to the mix. But wait, funding costs are already munching through nearly $21,500 of those gains like a kid on Halloween! 🎃🍬
Currently, XRP finds itself lazing around at a leisurely $3.17, nestled snugly in the middle of the range, like a cat with too many lives lounging in a sunbeam. This isn’t just some aimless wander; oh no, my friend, this is a strategic reload, readying for another leap into the fray.
Bitcoin, that magical currency that promised to free us from the clutches of central banks and fiat systems, is now under scrutiny. Scott Melker, a man whose opinions carry as much weight as a dwarf in a bar fight, believes that the recent selloff of over 80,000 BTC by an ancient whale might just be the beginning of the end. Or maybe just a hiccup in the grand scheme of things.
Mr. Hougan observes, with the air of a scientist noting the inevitable entropy of the universe, that halving – the periodic reduction in the creation of new Bitcoins – becomes progressively less thrilling with each iteration. Apparently, cutting the supply in half used to incite something akin to a feeding frenzy. How very vulgar.
