Bitcoin (BTC) is recovering after a red start to the week, as institutional investment inflows accelerate, pushing the “digital gold” to $94,000 on December 4.
The price of Bitcoin (BTC) on December 4 at 18:50 MSK was around $93,000. Since the beginning of December, the rate has gained about 3%, but from the peak of around $126.2 thousand reached in early October, the price has fallen by more than 25%.
Bitcoin's drop of more than 30% from its all-time high has highlighted the volatility typical for cryptocurrencies. However, historical data indicates that such fluctuations are part of Bitcoin’s normal behavior pattern and often precede a new rally, CNBC reports.
Bitcoin’s ability to break through the psychologically important $100,000 mark is possible only if large holders with 1,000–10,000 BTC resume active buying, analysts at Cryptoquant stated. Currently, Bitcoin whales continue selling the leading cryptocurrency and locking in profits, the experts noted. Retail investors holding between 1 and 10 BTC are also reducing their trading positions.
Bitcoin has fallen from its all-time high of $126,230 to the current $84,215, which represents a decline of approximately 33.28%. Today's BTC chart reflects increasing macroeconomic pressure, reduced investor risk appetite, and a consolidation phase following volatile movements.
Bitcoin tested the $82,000 level for the first time in 234 days, recording a 32% decline from its all-time high reached on October 6. The drop of the leading cryptocurrency on November 20 reached 5.5%, while Ethereum fell below $2,700, losing 45% from its August 24 peak.
Bullish traders defended the psychological level of $3000, while one on-chain metric issued a buy signal. November’s price decline exceeded 20%, pushing the Mayer Multiple indicator below 1 — a level that has historically aligned with market bottoms.
Losses of investors who bought the first cryptocurrency over the past six months have approached 13%. This level historically corresponds to capitulation and signals the peak of panic selling, CryptoQuant noted.
The author of the bestseller Rich Dad, Poor Dad, Robert Kiyosaki, told his 2.8 million followers on X that he does not intend to sell Bitcoin (BTC) and gold amid the correction.
Experts noted that the price of Bitcoin (BTC) continues to move within a zone of elevated volatility amid declining momentum and weakening capital inflows from institutional investors. Data on IBIT flow dynamics shows that the acceleration of price growth directly depends on ETF activity.
The forty-three-day shutdown of U.S. government agencies has come to an end; funding for government operations has been found. A positive piece of news for the world’s largest crypto market did not spark enthusiasm among crypto investors. Risk appetite has not returned, and cryptocurrencies are falling. Will this last long?
According to analysts, the increase in large player activity indicates that Ethereum has reached a local bottom. Corporate investors are using the dip in the second-largest cryptocurrency by market capitalization as an opportunity to enter the Ethereum market. At the same time, retail traders remain cautious.
On Monday, November 10, Bitcoin (BTC) gained 3.5%, climbing above the $106,000 mark. Its recovery came as investors rushed to buy below $100,000, helping the market increase its total capitalization by $170 billion.
Since October 12, whales have sold 32,500 BTC, while small investors have been actively buying the dip. This divergence in behavior acts as a warning signal for Bitcoin, experts at Santiment noted.
The recent drop in Bitcoin’s price below the $100,000 mark became a significant test for investors and market resilience. The largest cryptocurrency quickly recovered. This confirmed a new psychological level of support. Analysts agree. Short-term fluctuations do not change the long-term trend. It remains unchanged and potentially bullish. Most experts point to the pressure from the U.S. government shutdown.
Overnight, the price of Bitcoin dropped from its previous all-time high above $126,000 to a four-month low of $98,962, before rebounding to $103,000 earlier today. Analysts at CryptoQuant examined the situation and dismissed claims that a bear market has begun.
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