Analysts observe the return of large investors to the Bitcoin market following a significant price drop in 2024. Experts identify key reasons and potential impacts of this phenomenon.
Return of Large Bitcoin Holders
According to Blocktrends analyst Cauê Oliveira, over 34,000 BTC, currently worth $3.2 billion, have been accumulated by institutional investors amid market recovery. This followed a major sell-off in December 2024 when wallets holding between 1,000 to 10,000 BTC sold about 79,000 BTC, triggering a 15% price decrease.
Reasons Behind Price Change
One of the reasons for the Bitcoin price drop was the US Federal Reserve's interest rate cut after hitting a record high of $108,000 in December. This resulted in a price consolidation, allowing large players to buy Bitcoin at a lower price.
Forecasts and Expectations
Analysts predict Bitcoin might see a record rally in 2025, driven by pro-crypto policies from the new U.S. president and the potential adoption of cryptocurrency at the state level. There is also speculation that financial institutions within states will aim to engage in strategic Bitcoin reserve placements.
Despite current volatility, analysts see growth potential for Bitcoin in the upcoming years, which may be supported by both internal macroeconomic changes and international interest in cryptocurrencies.
