Bitcoin Acting Like An ICO—What This Could Mean
According to macro analyst Jordi Visser, dormant bitcoin is transferring once more and new patrons are stepping in. Visser spoke on Anthony Pompliano’s podcast and wrote in regards to the pattern on Substack, saying previous holders are slowly promoting whereas contemporary buyers decide up cash on dips. He in contrast what’s occurring to an IPO (preliminary public providing), the place early backers money out and possession spreads to a wider group.
Price Action Has Been Flat And Frustrating
Bitcoin traded between $109,000+ and $110,500+ during the last seven days, a spread that has left merchants impatient. Reports present the Crypto Fear & Greed Index returned “concern” readings since Wednesday and averaged concern in the course of the prior week. Yet each pullback has been met by patrons, which suggests accumulation is happening at the same time as sentiment reads poorly.
Network Signals Remain Strong
Visser pointed to a number of business alerts as proof that this isn’t a collapse. ETF approvals maintain arriving, the bitcoin community hashrate has hit new highs, and stablecoin exercise is rising.
It was a busy week with many macro catalysts (Us-China, Fed, Mag7 earnings and Zelle/Stabledoins). Pomp and I am going via all of it and the way the final two months search for property. https://t.co/1mv6FCNYGF
— Jordi Visser (@jvisserlabs) November 1, 2025
Those info are being cited by analysts who argue the market is redistributing holdings somewhat than unraveling. In different phrases, provide is transferring from long-idle wallets into fingers that purchase on weak spot.
What This Means For Volatility
Based on Visser’s view, the present section might proceed for a while. He estimates an IPO-like cycle can final about six to 18 months in conventional markets, and whereas bitcoin strikes sooner, the method should stretch towards the six-month mark on his timeline.
When distribution finishes, one seemingly result’s decrease volatility, as a result of possession will probably be scattered throughout extra contributors as an alternative of concentrated amongst early believers.
No Loud Signal Expected To Mark The Shift
Reports have disclosed that the change might not begin with a giant breakout or collapse. Instead, the market might merely cease grinding and start a clearer transfer as distribution completes.
That lack of a single set off is irritating for merchants who desire a clear signal, however it’s acquainted to anybody who has watched post-IPO shares settle after lock-up expiries.
A Measured Take On The Market
Visser’s interpretation is cautious somewhat than bullish hype. He doesn’t promise a fast rally. He factors to regular on-chain exercise and institutional curiosity because the spine supporting his thesis.
Featured picture from Pexels, chart from TradingView
