Odaily Planet Daily News: Eric Balchunas, a senior ETF analyst at Bloomberg, stated that it is not institutional investors or the Bitcoin spot ETF that caused the decline in Bitcoin prices; data shows that the price drop was caused by long-term holders. This pullback occurred after Bitcoin set the largest monthly candlestick in history, breaking through $99,000 for the first time on November 22. Some analysts still expect Bitcoin to surpass $100,000 and set a new historical high before the end of this month. Cryptocurrency trader and technical analyst Kyle du Plessis said, 'Long-term Bitcoin investors sold 128,000 Bitcoins, but the US spot ETF absorbed 90% of the selling pressure. Strong institutional demand is driving Bitcoin up towards the $100,000 milestone.' (Cointelegraph)

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