In a significant move, major Bitcoin holders have collectively acquired 34,000 BTC following a sharp decline in late December, according to an analysis by Blocktrends’ Cauê Oliveira. As Bitcoin’s value tumbled from its peak above $108,000 on December 17, large-scale sellers offloaded 79,000 BTC after the US Federal Reserve cut interest rates, sparking a 15% market correction.
Once prices settled below $95,000, institutional investors began purchasing again, spurred by improving market conditions. At present, Bitcoin trades at approximately $94,900, experiencing a slight dip due to US economic data quelling anticipation of further interest cuts.
In a recent note, Bitfinex analysts suggested that the hardest part of the sell-off might be over, indicating a diminishing sell-side liquidity. Predictions for 2025 are optimistic, with some analysts forecasting a surge in Bitcoin’s value, propelled by potential pro-crypto policies from the incoming US administration and increased adoption by national entities.
Moreover, Fidelity Digital Assets anticipates more national and institutional investments in Bitcoin, potentially driving prices significantly upward, with best-case projections exceeding $400,000.
