this post was submitted on 16 Nov 2025
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Bitcoin is quietly imploding (hexbear.net)
submitted 3 days ago* (last edited 3 days ago) by Assian_Candor@hexbear.net to c/chat@hexbear.net
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Down 14% in the last month. Still way above its actual value (0) but headed in that direction.

I'm guessing cost of living is driving a lot of hodlers to liquidate. You have to imagine most of the money in this thing is institutional though so maybe it won't matter that much.

Inflation is driving the cost of commodities up but BTC seems to move in the opposite direction. This is meaningful bc the value prop of BTC as an inflation hedge would suggest the opposite, and BTC overweight portfolios will underperform the diversified commodities basket. If this persists it's only matter of time before we also see some institutional unwinding

I don't follow that market super closely but it's interesting nonetheless. It seems these big corrections happen from time to time as well so could just be more of the same. Still one wonders if we are starting to see some structural covariance.

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[–] FuckyWucky@hexbear.net 14 points 3 days ago

I just paid for my lunch, my car mechanic, and a new stereo with my monero today

Yea, even if that were true, no one along the entire chain of debts is paying in Monero, workers get paid in $, they can't be paid in Monero since they have no obligation to accept it, and they have debts to pay in $ (or whatever their currency is).

And I do not think most traders (in real goods/services) themselves like holding Monero (or any non-stablecoin) for long because of exchange rate risk.