Crypto-native confidence at a low point, BTC is gathering strength
On October 16, trader Ansem said he was highly confident BTC would surge, while noting that confidence among crypto natives was at its lowest level in nearly a decade. He pointed to AI infrastructure relying on massive fiscal spending, while inflation remains stubbornly high.
When veteran crypto natives are at their least confident, it has historically coincided with coins shifting from weak hands into institutional channels. Spot buyers are gradually absorbing supply at low levels, and the pool of short-term holders is getting thinner. This structure faces far less resistance on an upward breakout than when sentiment is euphoric. AI is drawing attention and capital away from the market, but BTC—as one of the few assets not tied to AI capital expenditure—could be among the first to move when liquidity returns. In the short term, watch the top of the range: a high-volume close above it would mark the start of an accelerating move. If BTC fails to break through, it may pull back to key support and continue forming a base; if that support holds, the dip could be a chance to add.
Are you waiting to buy the pullback, or placing orders now to chase a breakout?
$BTC $ETH $SOL
On October 16, trader Ansem said he was highly confident BTC would surge, while noting that confidence among crypto natives was at its lowest level in nearly a decade. He pointed to AI infrastructure relying on massive fiscal spending, while inflation remains stubbornly high.
When veteran crypto natives are at their least confident, it has historically coincided with coins shifting from weak hands into institutional channels. Spot buyers are gradually absorbing supply at low levels, and the pool of short-term holders is getting thinner. This structure faces far less resistance on an upward breakout than when sentiment is euphoric. AI is drawing attention and capital away from the market, but BTC—as one of the few assets not tied to AI capital expenditure—could be among the first to move when liquidity returns. In the short term, watch the top of the range: a high-volume close above it would mark the start of an accelerating move. If BTC fails to break through, it may pull back to key support and continue forming a base; if that support holds, the dip could be a chance to add.
Are you waiting to buy the pullback, or placing orders now to chase a breakout?
$BTC $ETH $SOL