Paolo Ardoino, chief government officer of stablecoin issuer Tether, has known as Bitcoin “undefeatable” in a current X put up. The daring declare comes as markets wobble and digital property face recent downward stress.
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Bitcoin’s price action has been muted this week, however Ardoino’s remark has stirred up loads of discuss amongst merchants and analysts.
Tether’s Bitcoin Holdings Develop
In keeping with experiences, Tether has boosted its Bitcoin stash to just about 80,000 BTC. That holding is price greater than $9 billion at present charges.
The corporate’s regular shopping for suggests it sees deep worth in Bitcoin even when costs slide. In current weeks, Tether’s steadiness sheet has leaned closely on the world’s oldest crypto asset.
Some market watchers say that type of dedication from a serious participant may shore up confidence in Bitcoin’s long-term prospects.
Bitcoin is undefeatable
— Paolo Ardoino 🤖 (@paoloardoino) August 6, 2025
Supporters have jumped in to again Ardoino’s take, pointing to Bitcoin’s historical past of bouncing again after large sell-offs. Based mostly on experiences from crypto boards and social feeds, many consider that solely extreme, lasting shocks can actually transfer the value for lengthy.
But others warning that calling any asset “undefeatable” dangers lulling buyers right into a false sense of safety. They warn that new applied sciences may emerge and problem Bitcoin’s high spot in years forward.
Bitcoin $BTCUSD and a variety of the opposite cryptos are organising a head faux after a Bollinger Band Squeeze. Curiously, the sample just isn’t evident within the ETFs as they don’t commerce on weekends and holidays. Analyst beware!
— John Bollinger (@bbands) August 6, 2025
Technical Warning From Bollinger
In the meantime, John Bollinger, the creator of the Bollinger Bands charting software, issued a observe on X a couple of attainable “head faux” in Bitcoin’s worth.
He identified a Bollinger Band squeeze that briefly pushed Bitcoin all the way down to $111,900 on Aug. 3, just for it to snap again as much as $115,700.
That sudden U-turn trapped many bears who guess on additional declines. Bollinger additionally mentioned the identical sample doesn’t present up on crypto ETFs, since these funds don’t commerce on weekends.
Borrowed from basketball, the time period “head fake” describes an asset that surges a method after which reverses course, catching merchants unexpectedly.
Bitcoin closed most classes close to the $115,000 mark this week, with Bitstamp knowledge displaying it buying and selling at $115,200 at one level.
The coin has edged up barely over the previous 24 hours, however volatility stays an element. Merchants observe that weekend gaps and low liquidity can set off sharp strikes in both course.
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Market Members Weigh In
Analysts and fund managers are parsing each the bullish spin from Tether’s boss and the warning flag from Bollinger’s camp.
Some say Bitcoin’s monitor document prior to now decade—together with weathering regulatory clampdowns, international financial shocks, and high-profile change failures—earns it the suitable to such daring labels.
Others argue that blind religion alone gained’t defend buyers from sudden market swings.
Featured picture from Meta, chart from TradingView
