Bitcoin’s Price: The Rich Get Richer 💰

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It was a Wednesday, much like any other Wednesday, though one perhaps slightly burdened with the usual anxieties of the world – wars, rumors of wars, the price of cabbage – when Bitcoin, that most peculiar of digital nothings, decided to climb. Up it went, to ninety-seven thousand, eight hundred roubles, or its equivalent in these modern, confusing currencies. A rise of eight percent in a week, they say! One wonders if the peasants even noticed, being occupied as they are with…well, being peasants.

And what a curious spectacle it was! The large landowners – those fortunate souls possessing vast estates of these digital coins – began to quietly amass more, as if anticipating a particularly harsh winter. Meanwhile, the small folk, those with merely a handful of coins, began to…sell. A most revealing arrangement, wouldn’t you agree? As though the wisdom of the ages were whispering to them, “Better to have a little secured than to risk losing everything on this shimmering phantom.”

The Whales and the Shrimp

These “whales,” as the traders so charmingly call them (one pictures enormous, barnacle-encrusted creatures swimming in a sea of algorithms), have acquired over thirty-two thousand Bitcoins since the tenth of January. A mere 0.24% increase in their holdings, they assure us, but a sum that could likely feed a small province. The little “shrimp,” those clinging to less than a speck of a Bitcoin, have, with understandable caution, parted with a hundred and forty-nine of their holdings. A decline of 0.30%, a tiny loss for the whales, but perhaps a significant blow to someone hoping to buy a loaf of bread.

And the so-called “experts” at Santiment declare this to be an “ideal setup” for a “bull run.” Ah, yes, the experts. Always with their pronouncements. It will last, they say, “as long as retail traders continue to doubt.” As if doubt is not the very foundation upon which sensible life is built! One suspects they simply enjoy watching the little people gamble. 🧐

Even more amusingly, the masses, those fickle creatures of social media, have become decidedly bearish, despite the price’s upward trajectory. A veritable flood of negativity! “Fear, uncertainty, and doubt,” they call it – FUD, for short, as if reducing profound human emotions to a meaningless acronym somehow diminishes their power. But, of course, the market, that most ironic of institutions, often moves against the crowd. Perhaps it senses a good joke. It may well reach one hundred thousand again, they cautiously suggest-a number which frankly seems as arbitrary as most others these days.

Derivatives and Delusions

And even the derivatives, those complicated instruments of speculation, have taken a “bullish” turn, according to one Mr. Adler Jr., a name which evokes more questions than answers. The “Bitcoin Positioning Index” has climbed to 3.5! My goodness. A steady increase, they tell us, not a wild surge. As if a steady increase in folly is somehow preferable to a sudden burst of it. 🙄

One is left to ponder the whole affair. A digital phantom, manipulated by whales and shrimp, driven by doubt and spurred by expert pronouncements… it is a grand spectacle, is it not? A perfect reflection of the human condition, perhaps. Or perhaps it is simply a fool’s game, dressed up in the language of modernity. One can never be certain, and, frankly, one is not entirely sure one wants to be.

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2026-01-15 12:45