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Bitcoin Price Volatility Continues as Institutional Investors Accumulate
Bitcoin has shown significant price volatility in 2024, with institutional investors continuing to accumulate the asset. Despite a recent market correction, large investors are positioning themselves for long-term gains.
Key Insights
- On December 21, approximately 79,000 BTC were sold in one week, leading to a 15% market correction.
- Institutional players have added over 34,000 BTC in the last 30 days, indicating strong buying interest.
- Retail demand has reached a five-year low, contrasting with sustained institutional interest.
- Increased selling pressure on Binance has raised concerns, with Net Taker Volume peaking at -$325 million, the highest in 2025.
- Current Bitcoin price is $95,586, down 5.2% in the last 24 hours and 11.8% from its all-time high of $108,000.
Market sentiment may be affected by broader economic indicators, emphasizing the need for careful monitoring of selling pressures.