Analyst: Whale Sells Off Heavily After Bitcoin Hits New All-Time High, But Starts Accumulating Chips Again Below $95,000

BlockBeats News, January 9, Blocktrends Research Director Cauê Oliveira stated that the Bitcoin price dropped after reaching a new all-time high at the end of 2024, as institutional investors sold a large amount of Bitcoin, but now they are starting to buy Bitcoin again at prices below $100,000.

Data shows that in the week following December 21, wallets holding 1,000 to 10,000 BTC sold 79,000 BTC, but after a recent Bitcoin pullback, this group started accumulating again when the Bitcoin price was below $95,000.

Cauê Oliveira predicted that due to the anticipated pro-crypto policy of the new U.S. President Donald Trump and the country's increasing adoption of Bitcoin, Bitcoin may still hit a new all-time high this year.