1 week ago
Paolo Ardoino, main enforcement serviceman of stablecoin issuer Tether, has called Bitcoin “undefeatable” successful a caller X post. The bold assertion comes arsenic markets wobble and integer assets look caller downward pressure.
Bitcoin’s terms action has been muted this week, but Ardoino’s remark has stirred up plentifulness of speech among traders and analysts.
Tether’s Bitcoin Holdings Grow
According to reports, Tether has boosted its Bitcoin stash to astir 80,000 BTC. That holding is worthy much than $9 cardinal astatine existent rates.
The company’s dependable buying suggests it sees heavy worth successful Bitcoin adjacent erstwhile prices slide. In caller weeks, Tether’s equilibrium expanse has leaned heavy connected the world’s oldest crypto asset.
Some marketplace watchers accidental that benignant of committedness from a large subordinate could enactment up assurance successful Bitcoin’s semipermanent prospects.
Bitcoin is undefeatable
— Paolo Ardoino 🤖 (@paoloardoino) August 6, 2025
Supporters person jumped successful to backmost Ardoino’s take, pointing to Bitcoin’s past of bouncing backmost aft large sell-offs. Based connected reports from crypto forums and societal feeds, galore judge that lone severe, lasting shocks tin genuinely determination the terms for long.
Yet others caution that calling immoderate plus “undefeatable” risks lulling investors into a mendacious consciousness of security. They pass that caller technologies could look and situation Bitcoin’s apical spot successful years ahead.
Bitcoin $BTCUSD and a fig of the different cryptos are mounting up a caput fake aft a Bollinger Band Squeeze. Interestingly, the signifier is not evident successful the ETFs arsenic they don’t commercialized connected weekends and holidays. Analyst beware!
— John Bollinger (@bbands) August 6, 2025
Technical Warning From Bollinger
Meanwhile, John Bollinger, the creator of the Bollinger Bands charting tool, issued a enactment connected X astir a imaginable “head fake” successful Bitcoin’s price.
He pointed retired a Bollinger Band compression that concisely pushed Bitcoin down to $111,900 connected Aug. 3, lone for it to drawback backmost up to $115,700.
That abrupt U-turn trapped galore bears who stake connected further declines. Bollinger besides said the aforesaid signifier doesn’t amusement up connected crypto ETFs, since those funds don’t commercialized connected weekends.
Borrowed from basketball, the word “head fake” describes an plus that surges 1 mode and past reverses course, catching traders by surprise.
Bitcoin closed astir sessions adjacent the $115,000 people this week, with Bitstamp information showing it trading astatine $115,200 astatine 1 point.
The coin has edged up somewhat implicit the past 24 hours, but volatility remains a factor. Traders enactment that play gaps and debased liquidity tin trigger crisp moves successful either direction.
Market Participants Weigh In
Analysts and money managers are parsing some the bullish rotation from Tether’s brag and the caution emblem from Bollinger’s camp.
Some accidental Bitcoin’s way grounds successful the past decade—including weathering regulatory clampdowns, planetary economical shocks, and high-profile speech failures—earns it the close to specified bold labels.
Others reason that unsighted religion unsocial won’t support investors from abrupt marketplace swings.
Featured representation from Meta, illustration from TradingView
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