According to BlockBeats, on January 9, Cauê Oliveira, head of research at Blocktrends, said that the price of Bitcoin fell after hitting an all-time high at the end of 2024, when institutional investors sold a large number of Bitcoins, but now they have begun to buy Bitcoin at a price below $100,000.
Data shows that wallets holding 1,000 to 10,000 BTC sold 79,000 BTC in the week after December 21, but after Bitcoin's recent pullback, the group began to hoard when the price of Bitcoin was below $95,000.
Cauê Oliveira predicts that Bitcoin could still hit new all-time highs this year, driven by the expected pro-crypto policies of the new US President Donald Trump and the country's adoption of Bitcoin.
