The big fish—those wallet whales with pockets deeper than a Okie’s sorrow—started slurping up LINK like it was the last crawdad in the pot. Santiment’s numbers twitched like a nervous tick, showing addresses fattenin’ themselves on tokens like hogs at a county fair. And what do you know? The charts stopped lookin’ like EKG readings from a dying man. Bottom? Maybe. Or maybe just the calm before the next goddamn storm.
In the past three days, the whale has offloaded all of its 80,202 Bitcoin, thereby raking in nearly $10 billion on its initial investment. Despite this selling, BTC price remains firmly above $120,000, thereby awaiting another catalyst for the next leg of the rally. 🚀📈
Now, after a delightful breakout above $3,000, traders everywhere are celebrating like they just found out the coffee machine is working again. This has reignited optimism faster than a double espresso on a Monday morning in the derivatives and spot markets. ☕️
According to on‑chain data from Glassnode, first‑time buyers picked up an extra 140,000 BTC over the past two weeks. Their holdings climbed from 4.77 million to nearly 5 million BTC—a 2.86% rise.
Apparently, Ether is rallying like it’s auditioning for a Marvel movie, while US spot-ETF inflows are breaking records and everyone’s sipping on that euphoria-flavored Kool-Aid. But Daniel? He’s like that one friend who shows up at the party to remind everyone that they forgot the chips. He argues that the only thing SBET and MSTR have in common is the fact that they both exist in the same universe—and even then, they might not be on speaking terms.
According to the latest data, US Ethereum spot ETFs saw a single-day inflow of $727 million yesterday. That’s like, more than the last record of $428 million set on December 5. I mean, what are these people thinking? Are they just throwing money at the wall to see what sticks?
Crypto analyst MartyBoots (we hope he wears boots, because he’s walking us through some tough terrain) uncovered this fascinating trendline while analyzing Bitcoin on TradingView. This particular line has been marking the peaks of Bitcoin’s bullish glory since the 2017-2018 cycle, and it didn’t stop there. In the 2020-2021 bull market, Bitcoin reached a staggering $69,000 (oh, how innocent we were back then), and this trendline was there to say, “Well, that’s enough fun for now.”
But lo and behold! With the exuberance of a caffeinated penguin, BTC managed to pull itself together and now struts around at $119,248, or roughly 3.1% less than the all-time high of $123,000—a level it achieved just last Tuesday, which frankly feels like a lifetime in crypto terms! Cheers to short memories! 🎉
The Altcoin Season Index—a chart that tracks the humble performance of the Top 100 altcoins against the mighty Bitcoin—has been the beacon of hope for altcoin enthusiasts. This index, like a fickle lover, fluctuates between 1 and 100, depending on how many of these altcoins are outperforming Bitcoin over a 90-day stretch. When the figure rises to 75%, it’s like a green light flashing, signaling the official arrival of the altcoin season.
Following Bitcoin’s explosive rise above $123,000 in a single day, crypto analyst XForceGlobal reaffirmed his earlier predictions and intensified his bullish outlook. He now asserts that Bitcoin is in the early stages of a much larger breakout, with the final and most parabolic phase of its rally yet to unfold. 🚀