El rebote de Bitcoin: ballenas, ETF y una pizca de esperanza 🌊💰

Ah, la danza voluble de Bitcoin, un ballet de codicia y miedo, donde incluso la más estoica de las ballenas debe saltar ocasionalmente. Después de semanas de ventas incesantes, surge un rayo de esperanza, como una vela débil en el invierno ruso. El Coinbase Premium, ese elusivo barómetro del sentimiento estadounidense, ha despertado de su letargo y el mercado, muy cautelosamente, se da cuenta.

Sí, las ballenas van a largo plazo, con sus billeteras llenas de ambición. Las tasas de financiación, que alguna vez fueron tan alegres como un protagonista de Chéjov, se han vuelto sombrías y negativas. Incluso los ETF, esos volubles pretendientes del dinero institucional, se han dignado regresar. Los analistas, siempre optimistas, declaran que ésta es la primera mejora coordinada desde principios de noviembre: una declaración tan audaz como el sueño de nobleza de un campesino.

La gran liquidación estadounidense: 22 días de masoquismo financiero

Durante la mayor parte de noviembre, las entidades con sede en Estados Unidos, esos titanes de la industria y árbitros del gusto, hicieron bajar el precio de Bitcoin con el fervor de un hombre que huye de un invierno en Moscú. El índice Coinbase Premium, esa delicada medida de la desesperación institucional, se mantuvo negativo durante 22 días. Un récord, dicen. Un testimonio de la terquedad humana, digo.

El índice Coinbase Premium ha sido negativo durante 22 días consecutivos.

No hay piedad por parte de las entidades estadounidenses. 🥶💸

– Crypto Rover (@cryptorover) 25 de noviembre de 2025

El analista Crypto Goos, un hombre que presumiblemente comercia tanto con monedas como con pesimismo, señala que cada vez que este indicador se vuelve «profundamente rojo», Bitcoin sigue su ejemplo. ¡Pero he aquí! Ahora se enfría, como un amante despreciado que reconsidera su ira. ¿Podría ser este el comienzo de una reversión? ¿O simplemente una pausa en la tragedia?

Dark Fost, un hombre que, según se informa, monitorea este indicador con la dedicación de un monje a sus oraciones, observa que la cohorte vendedora (instituciones, profesionales y ballenas estadounidenses) ha reducido su presión desde el pico de pánico del 21 de noviembre. «El mercado finalmente puede respirar», escribe, con la seriedad de un hombre que ha visto demasiados gráficos.

«The selling pressure from these actors has significantly decreased…if the trend continues, it should give the market some breathing room,» wrote Fost. 🌬️

Elsewhere, analysts note that whales are going long more aggressively than retail investors-a phenomenon as rare as a smile in a Chekhov play. With the Coinbase Premium rising, funding rates falling, and retail hesitating, the conditions, they say, are ripe for an uptrend. How long? Perhaps until the end of the year, suggests Para Muhendisi, with the optimism of a man who has never read The Cherry Orchard.

«The uptrend will probably continue for a while longer. Maybe until the end of the year,» analyst Para Muhendisi suggested. 🎭

Macro Flips Risk-On: The Dollar Rejects, Yields Break, and ETFs Turn Green

But let us not forget the macro-that grand stage upon which all financial dramas play out. MV Crypto highlights a series of shifts: rate-cut probabilities jumping, the DXY rejecting resistance, and the 10-year yield falling below 4%. Bullish, they say. Bullish for the broader market, as if the market were a character in need of a happy ending.

«Rate-cut probabilities jumped from 30% to 84% in one week, bullish for the broader market… DXY is rejecting a crucial resistance… the 10-year yield is falling below 4%,» they stated. 📉

Against this backdrop, the prevailing sentiment is that it may be time to adopt a bullish stance-a stance as precarious as a chair in a Chekhov play. Large transfers add credence to this view, with SpaceX moving $105 million worth of Bitcoin to Coinbase Prime for custody. A bold move, or a desperate one? Only time will tell.

SpaceX(@SpaceX) transferred out another 1,163 $BTC($105.23M) 2 hours ago, possibly to Coinbase Prime for custody. 🚀

– Lookonchain (@lookonchain) November 27, 2025

And after one of the worst ETF outflow months on record, November 25 and 26 finally posted positive inflows. Historically, Bitcoin performs best when ETF inflows and the Coinbase Premium rise in tandem-a harmony as rare as a happy ending in Russian literature.

Coinbase Premium is finally turning back up –
buyers on U.S. spot are stepping in again.
This shift usually appears near local bottoms,
and it aligns with the rebound we’re seeing now.

Still early, but the direction is clear:
U.S. spot demand is returning. 🌱

– Neil (@neil_cryptonova) November 26, 2025

Yet, analyst Ted offers a cautionary note, as if to remind us that all is not well in this financial drama. Even as the Coinbase Premium recovers, until the trajectory stabilizes, most BTC rallies will be sold. The market, it seems, is neither fully reversed nor fully healed-a state as ambiguous as a Chekhov protagonist’s motives.

Perhaps this is where we stand: not at the peak of optimism, but no longer in the depths of despair. A recent analysis highlights lingering liquidity concerns, even as Bitcoin climbs over $90,000. With whales increasing longs, US sell pressure cooling, funding rates going negative, macro flipping bullish, and ETF inflows reappearing, analysts say Bitcoin is entering its first legitimate window for upside since early November. A window, mind you, not a guarantee.

And so, we wait. Like characters in a Chekhov play, we wait for the market to decide its fate. Will it rise, or will it fall? Only time-and perhaps a bit of luck-will tell. 🍀

2025-11-27 14:54