Weekend Crypto Rollercoaster: The Calm Before the Big Storm? đ
Last Sunday the market went totally nuts in super thin trading: Bitcoin bounced between $88k-$92k and Ethereum flew from $2,910 to $3,150 in just a few hours, wiping out both longs and shorts. But hereâs the crazy part: only $440M got liquidated, which is tiny these days. That tells you almost nobody is actually trading anymore; retail is bored/tired/scared and has checked out (Google searches for âBitcoinâ are back to 2022 bear-market levels), and even the perpetual futures crowd has cut their leverage by 44-50% since October.
So the market is empty â tiny buying or selling now creates huge swings. Perfect setup for violent moves.
At the same time, someone big is quietly hoovering up coins: 25,000 $BTC left exchanges in the last two weeks, ETFs + companies now hold more Bitcoin than all exchanges combined, and Ethereum exchange balances are at 10-year lows. Classic supply squeeze happening under the radar while everyone else is on holiday mode.
This week the Fed meets on Wednesday. A rate cut is basically guaranteed, but if they even hint at restarting QE or slowing the balance-sheet runoff, risk assets (stocks + crypto) could rip higher.
Weâre in that weird âghost townâ phase of the market: almost no retail, low leverage, crap liquidity, but whales and institutions are steadily buying every dip and locking coins away forever. These weekend Âą5% moves in minutes are just a preview; when we finally break either below $84k or above $100k itâs going to be explosive in one direction. Iâm personally leaning bullish because the supply shock is real and the Fed is still dovish, but man, the ride is going to be brutal until we get that clean breakout. Buckle up, December could get very spicy.
If you enjoy my content, feel free to follow me â¤ď¸
