Paolo Ardoino, chief government officer of stablecoin issuer Tether, has known as Bitcoin “undefeatable” in a current X submit. The daring declare comes as markets wobble and digital belongings face recent downward strain.
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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 studies, Tether has boosted its Bitcoin stash to almost 80,000 BTC. That holding is value 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 stability sheet has leaned closely on the world’s oldest crypto asset.
Some market watchers say that type of dedication from a serious participant might 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 studies from crypto boards and social feeds, many imagine that solely extreme, lasting shocks can actually transfer the value for lengthy.
But others warning that calling any asset “undefeatable” dangers lulling traders right into a false sense of safety. They warn that new applied sciences might emerge and problem Bitcoin’s high spot in years forward.
Bitcoin $BTCUSD and a variety of the opposite cryptos are organising a head pretend after a Bollinger Band Squeeze. Curiously, the sample 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 notice on X a few attainable “head pretend” in Bitcoin’s worth.
He identified a Bollinger Band squeeze that briefly pushed Bitcoin right 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 wager 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 technique after which reverses course, catching merchants unexpectedly.
Bitcoin closed most periods 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 notice that weekend gaps and low liquidity can set off sharp strikes in both route.
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Market Individuals 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 report previously decade—together with weathering regulatory clampdowns, international financial shocks, and high-profile alternate failures—earns it the correct to such daring labels.
Others argue that blind religion alone received’t defend traders from sudden market swings.
Featured picture from Meta, chart from TradingView