$BTC 2024 Crypto Rally Is Over!!!
The 2024 crypto rally appears to have come to a halt, with trading volume plummeting by 65% to seven-week lows, according to Santiment data. This significant drop follows Bitcoin's recent all-time high and reflects a broader market cooldown.
The decline is most pronounced in speculative altcoins, aligning with seasonal trends. As year-end holidays and financial planning take precedence, market activity naturally slows, leaving traders in a wait-and-see mode.
However, all eyes remain on whale activity. Large investors continue to accumulate, hinting at the possibility of a surprise market pump before the year closes. With retail traders largely stepping back, whales wield substantial influence, shaping short-term market dynamics.
As 2024 winds down, the crypto market's trajectory depends on whether whales capitalize on low retail engagement or if the lull extends into the new year. For now, volatility and cautious optimism define the market mood.