The Dip, the Panic & the Poetically Inevitable Reset
- Emiliano Carlucci
- 8 nov
- Tempo di lettura: 1 min

The crowd is already back to acting like they never believed in Bitcoin anyway. The “magic rocket to the moon” narrative has taken a vacation and didn’t leave a postcard.
Why the slump?
1) Whales off‑loaded nearly $600 million in Bitcoin just after BTC spiked to 111k USD. Price slid slightly below 100K in no time.
2) Spot Bitcoin ETFs saw outflows of 2 billion USD, signalling that institutional demand is waning, just when the hype needed it most.
3) Demand is weak: 30‑day “apparent demand” for Bitcoin turned negative. In other terms, the buyers have gone quiet.
But let’s get real for a minute. The price drop doesn’t invalidate the thesis. It simply resets the narrative. Corrections happen. Markets cycle. And Bitcoin has ridden through worse.
For the believers:
1) Strong support remains around the 100k USD mark. If that holds, consolidation followed by upside is plausible.
2) Long‑term thesis is still intact: fixed supply, growing digital adoption, institutional infrastructure gradually being laid.
3) The noise today may well create the opportunity tomorrow.
For the skeptics:
1) If 100k USD breaks decisively, models suggest downside to 72k USD or even lower. It’s not doomsday: just another opportunity to buy.
2) FOMO‑driven narratives locked to “new highs every month” are dead. Realism is back and it’s long overdue.
Bitcoin isn’t broken. The ecosystem around it is simply waking up from the party.
If you’re in for the long game, watch the price and trust the protocol.



Commenti