The Bitcoin Bubble Bursts 🚀💥

As I sit here, sipping my coffee, surrounded by the eerie glow of screens, I am reminded of the fleeting nature of human folly. Ki Young Ju, the CryptoQuant CEO, has decreed that the Bitcoin bull cycle is over, and with it, the hopes and dreams of countless investors. Ah, the hubris of the human condition!

The news comes as a surprise to no one, really. The writing was on the wall, or rather, on the charts. Ki’s on-chain analytics, a veritable crystal ball of doom, had been warning of a impending bearish or sideways price action. And now, it seems, the inevitable has arrived.

But fear not, dear reader, for Ki has provided us with a glimpse into the abyss. His Bitcoin PnL Index Cyclical Signals, a veritable Frankenstein’s monster of on-chain metrics, has been predicting the impending doom with eerie accuracy. MVRV, SOPR, and NUPL, those mystical creatures of the crypto world, have been whispering sweet nothings into Ki’s ear, warning of a market top.

And so, we are treated to a visual feast of charts and graphs, a veritable smorgasbord of doom. The 365-day moving average, a mathematical monstrosity, has been screaming “Beware!” to anyone who would listen. And Ki, that Cassandra of crypto, has been shouting from the rooftops, warning of the impending bear market.

But what of the “new whales,” those mythical creatures of the crypto world? Ah, they are the ones who will bring about our downfall, unloading their Bitcoin at lower prices, laughing maniacally as the market crashes around them.

And so, we are left with the bitter taste of regret, the knowledge that we should have listened to Ki’s warnings, that we should have heeded the call of the on-chain analytics. But alas, we are human, and humans are prone to folly.

At press time, BTC traded at $83,059, a mere trifle compared to the riches that once seemed within our grasp. Ah, the cruel hand of fate!

2025-03-18 13:35

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