Jim Cramer Just Rattled Bitcoin (BTC) HODLers With Cryptic Post

Godfrey Benjamin
April 1, 2024 Updated September 5, 2025
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Highlights

  • Jim Cramer just shared another cryptic post on X
  • Bitcoin Hodlers believe he is referring to the coin being overbought
  • The media personality said sellers are better than buyers now

Bitcoin (BTC) HODLers who were less bothered about the gradual drop in the price of the leading cryptocurrency may be getting concerned after reading what Jim Cramer might have implied regarding the status of the coin.

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Could BTC Be The Subject of Jim Cramer’s Post?

The “Mad Money” host has not had anything positive to say about Bitcoin for a very long time except to bash the coin. Now, his recent “overbought” cryptic statement comes as Bitcoin registers seven consecutive months on the positive side of the chart for the first time since 2012 and closes a monthly candle above the peak of the previous cycle. 

Bitcoin is currently trading at $68,391.81 with a 2.95% slump in the last 24 hours. This market price is a far cry from where the coin was in mid-March when the leading cryptocurrency by market capitalization had previously climbed as high as $73,000. There are even speculations from analysts that the price of Bitcoin may further slip down to $63,000.

With the price about 10% lower than the all-time high (ATH), Cramer could be implying that it is better to be a BTC seller now than a buyer. He cited that the market is currently “the most overbought” it has been in a while. 

Many crypto enthusiasts are still trying to decipher if this is just another April Fool’s joke or one of Cramer’s contrarian indicators.

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Bitcoin Growth Mirroring Stock Indices

Noteworthy, Bespoke Investment Group recently discussed the appearance of overbought signals across all index-based exchange-traded funds in the United States. 

A clear example is seen with the S&P 500 index, which tracks the performance of major companies listed on U.S. stock exchanges. This index recorded another ATH of the year that caused it to move to 5,250. This means that it has gone up by 22% over the past six months alone. 

Even though it had attained its most overbought level since December 2020, the benchmark index kept surging. With the launch of spot Bitcoin ETFs, BTC broke its longstanding correlation with tech stocks last year. Therefore, there is a very high tendency that the largest cryptocurrency might be more inclined to mirror major stock market indices. 

This also means that a stock market correction is unlikely to positively trigger the largest cryptocurrency.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.