In a major development in the Bitcoin market, large institutional investors known as “whales” have bought up more than 34,000 BTC as prices correct after the December peak. The activity could set the stage for a market recovery in the coming months.
The major buying spree came after the price of BTC fell 15% from its high of over $108,000 reached on December 17, 2024. Large Bitcoin holders, who had previously sold 79,000 BTC, took advantage of the price decline to below $95,000 to increase their holdings.
“Large players took advantage of the consolidation by executing trades through many small orders to hide their activity,” said Blocktrends analyst Kaue Oliveira.
Why does this matter? Buying pressure from large investors is creating support for the current Bitcoin price, which could prevent further declines. Liquidity on the sell side is shrinking, making the likelihood of a major sell-off less likely.
Expectations for 2025 are optimistic. New US President Donald Trump is demonstrating a pro-crypto position, which could accelerate the adoption of Bitcoin at the national level and lead to new historical highs.
Analysts predict that the BTC price in 2025 could reach $150,000 in the base case scenario and $400,000 in the best case scenario.
The December correction provided institutional investors with a rare opportunity to strategically buy Bitcoin. Current market conditions are creating all the preconditions for growth. If you are planning to invest, now may be a good time to join the global movement.
Do you think Bitcoin will reach $150,000 this year? Share your thoughts in the comments!$BTC