Category: AI

Bitcoin ‘ s surge past $81, 000 on September 19, 2026, was primarily driven by a significant short squeeze, which liquidated over $243 million in Bitcoin short positions, and a strong return of institutional capital into U. S . spot Bitcoin ETFs, recording $433.03 million in net inflows on September 18.

Well, well, well! Look who’s back on the rise! Bitcoin has just crossed the $81,000 mark, and if that doesn’t make you want to break into a happy dance, I don’t know what will. It’s like that friend who shows up at the party late, but when they do, they bring the best snacks. You can’t help but feel a little more optimistic about the evening.

This surge comes as a bit of a surprise, considering the quiet climb Bitcoin has been on through the Asian session. It’s almost as if Bitcoin was playing hard to get, slowly creeping up while everyone was busy sipping their green tea and watching the stock market. But now, with U.S. stock futures also rising thanks to some hopeful trade talks between Washington and Beijing, it seems the crypto world is ready to party!

And speaking of parties, let’s not forget about NEAR protocol, which decided to crash the Bitcoin bash with a stunning 23% jump. This jump is reportedly fueled by the Zcash swap traffic. I mean, if NEAR was a person, it would be the friend who suddenly walks in with an inflatable pool and a karaoke machine, making everything way more exciting. Who doesn’t love a good karaoke session, right?

But what’s behind these numbers? Bitcoin’s recent rise can be attributed to a combination of factors, including investor sentiment, macroeconomic conditions, and, dare I say, a sprinkle of good old-fashioned luck. As for NEAR, it appears that the excitement around Zcash swaps has brought some much-needed attention to the protocol, proving once again that the crypto space can be as unpredictable as your cat’s mood.

So, what does this all mean for the average Joe? Well, if you’ve been holding onto your Bitcoin like it’s a rare trading card, congratulations! You might just be sitting on a small fortune. And for those who are still on the sidelines, maybe it’s time to take a closer look at NEAR. After all, you wouldn’t want to miss out on the next big thing, right?

In conclusion, while Bitcoin is busy flexing its muscles above $81,000, NEAR is making waves with its impressive gains. The crypto world is like a soap opera, full of drama, suspense, and the occasional plot twist. So, buckle up and keep your eyes peeled—who knows what’s coming next in this wild ride of digital currencies!

Inspired by: “Bitcoin rises above $81,000, while NEAR jumps 23% on Zcash swap traffic” (r/Crypto)

Egon Vavrek, Head of Emerging Markets at BlackRock, says AI hardware and the "picks-and-shovels" players serving hyperscalers will carry emerging markets forward . He spoke on the sidelines of the BofA APAC Conference in Hong Kong.

As we navigate through the ever-evolving landscape of technology and finance, one thing has become abundantly clear: emerging markets are poised for a significant leap forward, and according to Egon Vavrek, Head of Emerging Markets at BlackRock, AI hardware is the rocket fuel that will drive this transformation. So, grab your popcorn (or whatever snack you prefer), because we’re diving into the world of AI hardware and its implications for emerging economies.

Vavrek recently shared his insights at the BofA APAC Conference in Hong Kong, which, let’s be honest, sounds way more glamorous than any conference you’ve ever attended (unless you’ve been to a Comic-Con, in which case, never mind). He emphasized that the ‘picks-and-shovels’ players—those companies providing the essential tools and infrastructure for AI development—are going to be the real MVPs in this scenario.

Now, what exactly are these ‘picks-and-shovels’? In the context of AI, think of the tech companies that manufacture hardware like GPUs (Graphics Processing Units), servers, and other essential components. These are the unsung heroes that enable data centers and hyperscalers (yes, that’s a real term) to process vast amounts of data at lightning speed. And let’s face it, in a world where data is the new oil, these companies are going to strike it rich.

Emerging markets often struggle with infrastructure and investment challenges, but the rise of AI technology could be a game-changer. By providing the necessary hardware and support, these ‘picks-and-shovels’ players could help emerging economies leapfrog into the digital age. It’s like giving a kid a shiny new bicycle when they’ve only ever had a rusty old tricycle—sure, it might take a little getting used to, but eventually, they’ll be zooming past their peers.

Vavrek’s enthusiasm for AI hardware isn’t just about tech for tech’s sake. He’s talking about real economic opportunities, job creation, and the potential for innovation that could transform these markets. Imagine a world where a startup in an emerging economy can harness the power of AI to solve local problems or even compete on a global scale. It’s not just a dream; it’s becoming a reality.

But let’s not get ahead of ourselves. While the potential is enormous, there are still hurdles to overcome. Issues like regulatory frameworks, access to capital, and the need for skilled labor remain significant barriers. However, if the right investments are made in AI infrastructure, we could see emerging markets not only catching up but possibly leading the charge in certain tech sectors.

In summary, Egon Vavrek’s insights shed light on the exciting intersection of AI hardware and emerging markets. As these economies begin to harness the potential of AI, we might just see a new wave of innovation and growth that could reshape the global economic landscape. So, keep your eyes peeled, because the future is looking bright—and possibly powered by some very smart hardware.

Inspired by: “BlackRock’s Vavrek: AI Hardware to Drive EM” (r/Business)

Former US Deputy Secretary of State Kurt Campbell has warned that discussions between Washington and Beijing on AI and security are unlikely to produce binding agreements , pointing to a fundamental trust deficit that no amount of diplomacy has …

If you’ve ever tried to get two cats to agree on anything, you’ll understand the current state of US-China relations regarding artificial intelligence (AI) talks. Former Deputy Secretary of State Kurt Campbell recently weighed in on this topic, and let’s just say, the outlook isn’t exactly rosy. Spoiler alert: mutual distrust is the main villain in this drama.

So, what’s the scoop? Campbell suggests that the ongoing discussions between Washington and Beijing are unlikely to lead to any binding limits on AI. Yes, you heard that right. It’s like trying to convince your neighbor to stop blasting classic rock at 3 AM—good luck with that.

The crux of the issue lies in the deep-seated distrust between the two nations. Imagine trying to negotiate a peace treaty between two rival sports teams where both sides are convinced the other is using illegal tactics. That’s pretty much the vibe we’re getting here. The more they talk, the more they eye each other suspiciously, wondering who’s going to pull a fast one next.

Campbell also mentioned that any substantive progress might have to wait for a potential meeting between President Trump and President Xi at either the APEC or G20 summits. Now, isn’t that just delightful? It’s like waiting for your favorite band to go on tour again—sure, it might happen, but until then, you’re just left to listen to the same old playlist on repeat.

In the grand scheme of things, this isn’t just about tech or security; it’s about trust, or rather, the lack thereof. Both nations are working on their own AI agendas, each with its own set of priorities and, let’s be honest, a touch of paranoia. The US is worried about intellectual property theft and military advancements, while China is keen on pushing its technological boundaries without any external constraints. It’s like watching a high-stakes game of poker where both players are holding their cards close to their chests, and no one wants to show their hand.

So, what does this mean for the future of AI? Well, buckle up, because it looks like we’re in for a bumpy ride. Without some form of agreement or trust, the race for AI supremacy is likely to continue unabated. Both countries will keep pushing the envelope, which could lead to innovations that are as exciting as they are terrifying. It’s like a sci-fi movie where the robots take over, but instead of Arnold Schwarzenegger, we just have two presidents trying to figure out who gets to control the next big thing.

In conclusion, while Kurt Campbell’s insights might sound a bit grim, they’re a necessary reminder of the complexities involved in international relations, especially when it comes to something as impactful as AI. So, if you’re hoping for a harmonious agreement between the US and China anytime soon, you might want to temper those expectations. After all, we’re still waiting for world peace, and that’s been on the agenda since, well, forever. Until then, let’s keep an eye on the tech developments and hope for the best—just like we do with our favorite reality TV shows.

Inspired by: “Kurt Campbell: US-China AI Talks Won’t Limit Beijing” (r/Business)

Grayscale took a gamble by leaving the expense ratio on GBTC so much higher than its competitors—1.5% versus 0.2% for the cheapest spot bitcoin ETF. If investors had balked at the high fee, they could have pulled significant sums of money out of the fund, shrinking its size and hurting Grayscale. But even if investors were annoyed or angry, those downbeat feelings didn’t manifest themselves into sizable outflows, preserving GBTC’s role as a cash cow for Grayscale.

So, mark your calendars: September 18, 2026, is a day to remember in the world of cryptocurrency. Why, you ask? Because U.S. spot Bitcoin ETFs raked in a whopping $433.03 million in net inflows! That’s not just a pretty penny; that’s a small fortune, and it seems like everyone decided to join the Bitcoin party all at once. But hold on, who’s leading this financial parade? Drumroll, please… it’s Fidelity’s Wise Origin Bitcoin Fund, with the ticker FBTC, strutting in with a cool $310.72 million in net inflows. Talk about making a grand entrance!

Now, let’s break this down a bit for those who may not have a PhD in finance or crypto lingo. A Bitcoin ETF, or Exchange-Traded Fund, allows investors to dip their toes into Bitcoin without actually having to deal with the whole ‘I forgot my password and now I can’t access my wallet’ drama. It’s like the buffet version of investing in Bitcoin—grab a plate, fill it up, and just hope you don’t get food poisoning from the volatility.

The $433.03 million figure isn’t just a number plucked out of thin air. It reflects the total net inflows across all U.S. spot Bitcoin ETFs—not just the FBTC. So while Fidelity is basking in the limelight, BlackRock’s iShares Bitcoin Trust (IBIT) also deserves a shoutout for its respectable $108.44 million contribution. That’s right, folks, even the big players are getting in on the action. It’s like a high-stakes poker game, and everyone’s got their chips on the table.

But wait, there’s more! Ethereum isn’t sitting quietly in the corner, either. On the same day, U.S. spot Ethereum ETFs reported $144.8 million in net inflows. So, if you were wondering whether Ethereum was feeling left out of the party, fear not! It’s very much alive and kicking, just like that one friend who always shows up uninvited but somehow makes the party better.

Now, why are these net inflows significant? Well, they indicate that investors are feeling bullish—at least for now. It’s like the crypto market is on a rollercoaster, and right now, we’re at the top of the first big drop. Sure, we might scream in terror as we plunge down later, but for the moment, let’s just enjoy the thrill of the ride.

So, what does this all mean for the average Joe or Jane looking to invest in crypto? It means that interest in Bitcoin and Ethereum is on the rise, and for good reason. These ETFs provide a more accessible way for people to get involved without the hassle of wallets and private keys. It’s like having your cake and eating it too—just without the guilt of eating an entire cake by yourself.

In summary, if you’re thinking about dipping your toes into the crypto waters, now might be a good time to consider these ETFs. Just remember: invest responsibly, keep your sense of humor intact, and maybe don’t put all your eggs in one digital basket. Because, let’s face it, the crypto world can be a wild ride, and you never know when you might hit a bump in the road. Happy investing, and may your portfolios be ever in your favor!

Inspired by: “US Spot Bitcoin ETFs Draw $433M, Fidelity FBTC Leads” (r/Crypto)

SberCIB Investment Research projects approximately 4 trillion rubles ($46.4 billion) in regulated trading volume during the first year. That figure represents roughly 20% of Russia ’ s estimated 18 trillion ruble total annual crypto market. See more on crypto .news

Let’s talk about cryptocurrencies. They’re the wild west of finance, where fortunes can be made overnight and lost just as quickly. If you’ve ever thought about dipping your toes into this chaotic pool, you might want to pay attention to what’s happening in Russia. The Bank of Russia has proposed a new rule that limits banks’ exposure to cryptocurrency risk to a mere 1% of their capital. Yes, you read that right—1%. It sounds harsh, but hold on to your digital wallets because this might actually be a blessing in disguise.

First, let’s unpack what this rule means. Under the proposed regulations, which were unveiled on September 18th, banks will only be able to invest 1% of their total capital into cryptocurrencies. This rule applies equally to individual banks and their consolidated groups, which means that everyone is playing in the same sandbox. The reasoning behind this is to mitigate risk. Banks are, after all, supposed to be the safe harbor for your hard-earned cash—not a gambling den where they throw your money at the latest crypto craze.

Now, if you’re wondering why the Bank of Russia is being so stingy with crypto investments, it’s all about protecting customer assets. You see, cryptocurrencies can be incredibly volatile. One minute Bitcoin is soaring to new heights, and the next, it’s plummeting faster than a lead balloon. By limiting banks’ exposure, the Bank of Russia is essentially saying, “Hey, let’s not lose our shirts here, folks!” This is a prudent move, especially considering the number of people who have entrusted their money to these institutions.

But wait, there’s more! The proposal also excludes certain client custody positions from this 1% calculation. What does that mean for you? It means that your bank can still hold your cryptocurrency without it counting against that cap. So, if you’re one of those brave souls who has decided to invest in crypto, your bank isn’t going to be throwing caution to the wind with your money. They’ll be playing it safe, which is probably a good thing considering how unpredictable the crypto market can be.

Some might argue that this cap is a bit draconian. After all, it feels like a parent saying, “You can only have one cookie!” But let’s be real here. Would you want your bank to gamble with your money on something as unpredictable as cryptocurrency? Probably not. And while the 1% cap might seem extreme, it’s a necessary safeguard to ensure that banks remain stable and, more importantly, that your deposits are protected.

In the grand scheme of things, this regulation could actually help build a more robust and secure banking environment in Russia. By keeping a tight leash on crypto investments, banks are less likely to collapse under the weight of a market crash. And that’s something we can all get behind.

So, the next time you hear about Russia’s harsh 1% crypto cap, think of it as a protective bubble around your bank account. It might not be the most exciting news in the world of finance, but it’s definitely a step in the right direction for safeguarding customer assets. Who knows? Maybe other countries will follow suit and implement similar regulations. And if that happens, you might just find yourself sleeping a little easier at night, knowing your money is in good hands—even if they’re only allowed to dip a toe into the crypto pool.

Inspired by: “Why Russia’s harsh 1% crypto cap actually protects bank customer assets” (r/Crypto)

The $80, 000 area has repeatedly acted as the dividing line between Bitcoin ’ s recent consolidation and attempts to extend the August rally . However, stronger technical support currently appears closer to $76, 000 –$77, 000 .

So, Bitcoin has done it again. It’s crossed the $80,000 threshold, and the crypto enthusiasts are popping the champagne like it’s New Year’s Eve. But hold your horses, folks! Before we all start planning our trips to the moon, let’s take a step back and examine whether this rally is really backed by solid institutional conviction or just a bunch of folks throwing money around like confetti.

First off, let’s talk about leveraged funds. According to recent reports, they’ve become 7,275 BTC-equivalent less net short. Sounds impressive, right? But before you get too excited, it’s essential to understand what that actually means. In layman’s terms, it means that while some investors are pulling back on their short positions, the overall interest from institutional players isn’t exactly booming. It’s like saying you’ve lost a couple of pounds but still need to lose the equivalent of a small child to fit into those jeans you’ve been eyeing.

Now, let’s dive into the asset-manager longs. These are the big players, the ones who are supposed to have the money and the smarts to back their bets. Well, guess what? Their longs have fallen. Yup, while the price of Bitcoin is soaring higher than a kite in a windstorm, the big guns are not exactly rushing in to join the party. It’s kind of like showing up to a party where the music is pumping, but the only people there are the ones who were invited by accident.

And then there’s the weekly ETF demand, which, let’s be honest, is about as mixed as a fruit salad from a questionable buffet. Sure, it’s barely staying positive, but that’s not exactly the kind of enthusiasm you want to see when you’re trying to convince the world that Bitcoin is the next big thing. It’s more like a lukewarm reception at best.

So, why exactly is this rally happening if the institutional backing isn’t as strong as a double-shot espresso? Well, it could be a combination of factors. Maybe retail investors are feeling optimistic, or perhaps they’re just bored at home and looking for something to gamble on. After all, who doesn’t love a bit of risk? But let’s not kid ourselves into thinking that this is a sustainable rise. It’s like putting a band-aid on a bullet wound; it might look good for a moment, but it’s not going to hold up in the long run.

In conclusion, while Bitcoin’s recent surge above $80,000 has certainly caught the attention of many, it’s crucial to remember that it’s not backed by the kind of institutional conviction that would make any seasoned investor feel warm and fuzzy inside. So, if you’re thinking about jumping on the Bitcoin bandwagon, maybe take a moment to think it over. After all, sometimes the best investment is simply not to invest at all. Or at least wait until the big players decide to join the party for real.

Inspired by: “Why Bitcoin’s rally above $80,000 isn’t backed by institutional conviction” (r/Crypto)

A 5% IBIT allocation efficiently insures against gold ’s obsolescence risk, as Bitcoin ’s protocol-enforced scarcity and reserve asset potential could absorb capital if gold ’s monetary premium collapses.

Let’s dive into the world of cryptocurrency and see what the buzz is all about—with a sprinkle of sarcasm, of course! According to the latest analysis from the financial wizards at JPMorgan and the not-so-mythical Claude AI, Bitcoin has been playing second fiddle to gold in 2026. Shocking, I know! Who would have thought that a digital coin could struggle against a shiny rock that’s been around since the dawn of civilization?

So, what’s been dragging Bitcoin down? Well, it seems the Federal Reserve’s policies have been more effective at dampening Bitcoin’s enthusiasm than a soggy blanket at a campfire party. Add to that the unfortunate fate of the CLARITY Act, which was supposed to provide some much-needed clarity in the crypto space (ironic, right?), and you’ve got a recipe for Bitcoin’s sluggish performance.

But wait! Before you toss your Bitcoin into the digital abyss, there’s a silver lining—or should I say, a golden opportunity? Analysts are suggesting that if the hedging activity surrounding Bitcoin ETFs (Exchange-Traded Funds, for those who don’t spend their weekends reading financial jargon) fades away, we might just see Bitcoin bounce back like a rubber ball. Claude AI has even identified a magical price level of $82,300 that could be the key to unlocking Bitcoin’s potential. It’s like the treasure map of the crypto world, only this time, the treasure is digital!

Now, you might be wondering, why should we care about Bitcoin outpacing gold? Well, gold has long been the go-to safe haven for investors looking to weather the storm of economic uncertainty. But with the rise of digital currencies and the increasing acceptance of Bitcoin, the tables might just turn. Imagine a world where instead of saying, ‘I’m investing in gold,’ people are proudly shouting, ‘I’m all in on Bitcoin!’ It’s a brave new world, folks.

Of course, this is all speculation, and we all know how reliable predictions can be in the world of finance—like trying to predict the weather in April. But if Claude AI is right and Bitcoin can indeed outpace gold, we might want to keep an eye on that $82,300 price point. So, grab your digital wallets, folks, and stay tuned! The crypto rollercoaster is far from over, and who knows? You might just find yourself holding the next big thing in the financial universe.

In the meantime, remember to keep your sense of humor intact and your investments diversified. After all, in the world of finance, it’s always better to be safe than sorry—unless, of course, you enjoy the thrill of a good financial gamble. Happy investing!

Inspired by: “Claude AI Predicts BTC Could Outpace Gold if ETF Hedging Fades” (r/Crypto)

HuoXing Finance reports that on September 20, according to PeckShield monitoring, the same attacker exploited both Fetch.ai and NuNet, resulting in approximately $2 million in crypto asset losses .

In the wild world of cryptocurrency, where fortunes are made and lost faster than you can say “blockchain,” it seems we have a new plot twist that would make even the most seasoned trader raise an eyebrow. The unsuspecting victims? Fetch.ai and NuNet, two projects that were just trying to make their way in the crypto universe. Instead, they found themselves on the wrong end of a $2 million heist, courtesy of the same crafty attacker.

Let’s break it down, shall we? According to security firms (because who doesn’t love a good sleuthing session?), both of these projects were targeted by a single wallet. Yes, you heard that right! One wallet, two victims—like a bad superhero movie where the villain has a very specific taste in targets. The attacker managed to siphon off approximately $1.56 million from Fetch.ai’s token converter on Ethereum, and they did it all with a valid signature. You know, just casually bypassing security like it’s a day at the park.

Now, if you’re wondering how this affects NuNet and Fetch.ai, let’s just say that their tokens took a nosedive harder than a toddler on a sugar rush. NuNet’s token value plummeted more than 70%, hitting an all-time low on September 20. It’s almost poetic, really—one moment you’re riding high on the waves of innovation, and the next, you’re crashing into the rocks of reality.

But wait, there’s more! The aftermath of this exploit has left many investors feeling a bit like they just stepped on a Lego in the dark. With NTX (NuNet’s token) crashing down to new lows, it’s safe to say that investors are not having the best week. Imagine waking up to check your portfolio only to find that your carefully curated crypto collection has been reduced to a sad, digital graveyard.

So, what’s the takeaway here? Well, aside from the fact that crypto can be as unpredictable as a cat on catnip, it’s a stark reminder of the importance of security in this digital age. As projects like Fetch.ai and NuNet attempt to innovate and push boundaries, they also need to ensure they’re not leaving the back door wide open for would-be thieves.

In the end, while this story has all the makings of a classic heist film, it’s not just about the money lost. It raises questions about security protocols, the importance of vigilance in the crypto space, and how one wallet can wreak havoc on multiple projects. So, as we watch the dust settle from this latest debacle, let’s all take a moment to appreciate the irony of it all—because in crypto, you never really know what’s coming next. Stay safe out there, folks!

Inspired by: “Fetch.ai and NuNet Exploited for $2 Million by Same Attacker, NTX Hits All-Time Low” (r/Crypto)

79 votes, 125 comments. BTC fell to like 80k and now we’re bouncing back up into 86k – 87k-ish. Feels decent but idk man… something feels off. OI…

So, Jason Calacanis—angel investor, podcast co-host, and apparently part-time feline enthusiast—decided to throw a little shade on Bitcoin last week. Just as Bitcoin’s price was strutting its stuff and cleared an impressive $81,000, Calacanis jumped in with a hot take, calling Bitcoin a “bouncing dead cat.” Now, I don’t know about you, but I thought dead cats were supposed to stay, well, dead. But here we are, with Bitcoin making a comeback that has everyone scratching their heads.

For those not in the know, the phrase “dead cat bounce” is a financial term that refers to a temporary recovery in the price of a declining asset, which, let’s be honest, sounds a bit like the plot of a bad horror movie—”The Dead Cat That Came Back to Life”—starring a rather disgruntled feline. Calacanis attached a one-year chart of Bitcoin to his tweet, presumably to illustrate the point that Bitcoin’s ups and downs resemble a cat that just can’t seem to stay off the floor.

Naturally, not everyone was ready to hop on the “dead cat” bandwagon. Enter Michael Saylor, the CEO of MicroStrategy and Bitcoin bull extraordinaire. Saylor didn’t take too kindly to Calacanis’s comments and fired back, reminding everyone that Bitcoin is not just a fleeting trend but, in fact, a revolutionary asset. It’s like Saylor walked in wearing a cape and said, “Not today, Calacanis!”

And then there’s Cathie Wood, the CEO of ARK Invest and another Bitcoin supporter who chimed in, asserting that Bitcoin is definitely not a dead cat. In her eyes, Bitcoin is more like that energizer bunny that just keeps going and going. It’s almost as if she’s saying, “Look, it’s not dead; it’s just taking a catnap!”

Now, if you’re wondering why all this drama matters, well, it’s because Bitcoin has become a focal point of financial discussions in recent years. It’s the kid on the playground that everyone either wants to be friends with or throw mud at. And with high stakes come high emotions. Calacanis’ comments might just be a reflection of the skepticism that still looms over cryptocurrencies, especially from traditional investors who feel like they’re watching a high-stakes game of poker where the chips are made of digital gold.

The real question is: will Bitcoin continue to bounce back like a cat that’s had one too many lives? Or will it eventually go the way of the dodo? Only time will tell, but for now, it seems like Bitcoin is still very much alive and kicking, much to the chagrin of its critics. So, to all the Bitcoin believers out there, keep your heads up. And to the skeptics like Calacanis, perhaps it’s time to let that dead cat rest in peace—or at least give it a proper burial, rather than a series of tweets.

In the end, whether you think Bitcoin is a bouncing dead cat or the future of finance, one thing is for sure: it’s certainly entertaining to watch the drama unfold. Who knew cryptocurrency could be this much fun? Grab your popcorn, folks; the show is just getting started!

Inspired by: “Calacanis Calls Bitcoin a Dead Cat, Saylor and Cathie Wood Fire Back” (r/Crypto)

Bitcoin HODL waves put the one-year supply share at 63.3%. Older coins alone do not establish fresh buying or tighter liquid supply .

Ah, Bitcoin. The cryptocurrency that seems to have as many opinions about it as it does wallets. Recently, there’s been a lot of buzz about the so-called “63% HODL wave” – a term that sounds like a surfing competition but is actually referring to the percentage of Bitcoin that hasn’t moved in over a year. Many enthusiasts are waving this statistic around like it’s some kind of magic wand, promising a bull market is just around the corner. Spoiler alert: it’s not that simple.

Let’s break down this HODL phenomenon. The term “HODL” originated from a misspelled post on a Bitcoin forum back in 2013, where a user was advocating for holding onto your Bitcoin, rather than selling it off in panic during a dip. Since then, it has morphed into a rallying cry for crypto enthusiasts everywhere. But just because a lot of people are holding their Bitcoin doesn’t mean prices are about to skyrocket like a kid on a sugar rush.

The latest data shows that 63% of Bitcoin hasn’t moved in over a year. Sounds impressive, right? Well, hold your horses (or HODL your Bitcoins). This doesn’t necessarily mean that those holders are all waiting for the price to moon; it could also suggest that they’ve simply forgotten their wallet passwords or lost access to their wallets altogether. You know, typical Tuesday for a crypto investor.

Moreover, the HODL wave is more about the aging supply of Bitcoin than it is about a bullish market signal. The percentage can shift for various reasons, including market sentiment and external factors affecting crypto as a whole. For instance, if Bitcoin takes a dive (like it has been known to do), many might decide to hold on tighter than ever, thinking that selling would be like throwing money away. This doesn’t scream “bull market”; it screams “I’m not ready to face the music yet.”

In fact, the one-year share of Bitcoin only rose by 0.98 percentage points in a month. That’s not exactly a meteoric rise. It’s more like a slow crawl through molasses – not the exhilarating sprint to the moon that many are hoping for. And while adjacent age bands might shift around the threshold, it’s important to remember that the crypto market is notoriously volatile. One minute you’re on top of the world, and the next, you’re questioning your life choices while staring at a plummeting chart.

So, what does all this mean for the average investor? Well, if you’re banking on the 63% HODL wave to signal the next bull market, you might want to reconsider your strategy. Holding onto your Bitcoin is a valid approach, especially if you believe in its long-term potential. But don’t mistake holding for a guarantee of price appreciation. It’s like keeping your fingers crossed and hoping for the best – not the most reliable investment strategy, if you ask me.

In conclusion, while the 63% HODL wave is certainly an interesting statistic, it’s not the golden ticket to riches that some might want you to believe. The crypto world is complex, and if you’re investing in Bitcoin (or any cryptocurrency, for that matter), it’s important to do your due diligence and not get swept away by the hype. So, keep your eyes peeled, stay informed, and remember: HODLing is not a substitute for sound investment strategies. Happy investing, and may your crypto adventures be less about panic and more about prudent choices!

Inspired by: “Why Bitcoin’s 63% HODL wave isn’t the mega bull signal everyone thinks it is” (r/Crypto)