Bitcoin: The Old Guard Finally Chill?

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It has come to pass, as it always does with these fleeting human endeavors, that those who first rushed headlong into the digital field of Bitcoin – the so-called ‘OGs’, bless their speculative hearts – have begun to…relent. Yes, after years of reaping the whirlwind of profit sown with early faith (and, let us be honest, a touch of digital gambling 😉), they are selling with less fervor. One might almost say they are…tired. Such is the weight of fortune, you see.

These pioneers, these visionaries who once acquired Bitcoin for mere trifles – less than a hundred of those paper dollars, imagine! – and then watched it blossom into…well, a different sort of trifle, a digital one of considerable magnitude, are now pausing to consider the nature of accumulation. A strange notion, isn’t it? To cease accumulating?

Indeed, the exuberance that gripped them in recent cycles, a frantic desire to convert digital tokens into worldly comforts, did, some whisper, impede the asset’s progress. A most curious phenomenon: success itself creating obstacles. But now, the selling has diminished. From a torrent of three thousand Bitcoins every ninety days in the year of 2024 (a number so large it almost feels…vulgar), it has fallen to a mere one thousand in 2026. A decline of seventy-three percent! Truly, a calamity…or is it? 🤔

The Institutions Arrive, Bearing Wallets

And so, as the original zealots temper their enthusiasm, a new flock arrives: the institutions, those vast and ponderous entities. They are quite demanding, these institutions, and possess a thirst for Bitcoin that rivals the early miners of digital gold. It appears they desire a quantity exceeding even the very coins being unearthed by those self-same miners. A rather impertinent development, wouldn’t you agree?

Thus far in 2026, these institutions have devoured thirty thousand Bitcoins, while only five thousand seven hundred are newly minted. A discrepancy! A modern parable of demand exceeding supply. The wise analysts at JPMorgan, those keen observers of financial tides, predict even greater inflows this year, flowing as rivers after the rains. They speak of “clarity” and “regulations”, words that sound suspiciously like attempts to control the untamable spirit of the market. 🙄

They wrote, in a tone that suggested they knew something the rest of us did not (as is often the case with analysts), that new laws might “facilitate” this surge. Facilitate! As if the market needed facilitating. It moves as it pleases, regardless of the pronouncements of men.

“The rebound in institutional flows we project for 2026 is likely to be facilitated by the passage of additional crypto regulations such as the Clarity Act in the U.S., which is likely to trigger further institutional adoption of digital assets as well as fresh institutional activity.”

The Cycle Turns…Again

And the mysterious ‘True MVRV’ – a measurement devised by those who attempt to chart the very pulse of the market – has finally bottomed out and begun to climb. Such things always do, of course. It is the nature of cycles. They rise, they fall, they rise again, much like the human spirit. But will this rise continue, or will it falter as it nears some arbitrary level on a chart? Only time, that relentless and impartial judge, will tell.

The wise ones say that if it climbs too high, it will cool. A most sensible observation, really. And at present, Bitcoin trades at ninety-five thousand five hundred, a sum that once seemed unimaginable, now merely…substantial. It has risen eighteen percent since the depths of the previous quarter. A recovery, yes, but a fragile one, suspended between hope and the inevitable return to equilibrium. 🤷‍♀️

In Conclusion…

  • The early adopters, those who once clamored for Bitcoin, are now selling with somewhat less enthusiasm. A sign of contentment, perhaps? Or simply fatigue?
  • The recovery hinges upon the whims of fate, and the inscrutable movements of the True MVRV. Should it surge too high, a cooling may occur. A most unsettling thought.

Bitcoin: The Old Guard Finally Chill?

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2026-01-16 08:12