BlockBeats News, December 16 — According to Cointelegraph, as Bitcoin retraces approximately 30% from its high of $126,200 and hovers near the critical support level of $85,000, on-chain data shows that medium-sized holders and some institutional funds are accelerating accumulation. Glassnode data indicates that “shark addresses” holding between 100 and 1,000 BTC have accumulated approximately 54,000 BTC over the past week, bringing their total holdings from about 3,521,000 to 3,575,000 BTC, with the fastest accumulation rate since 2012, suggesting significant bottom-fishing activity despite the sharp correction. However, the market’s upward potential remains constrained by selling pressure from larger holders. Data shows that long-term and “OG” whales holding over 10,000 BTC have been reducing their holdings over the past two months. Charles Edwards, founder of Capriole Investments, pointed out that record-breaking institutional buying is being absorbed at an unprecedented pace by long-term holders, which may continue to suppress Bitcoin’s short-term price performance. Additionally, veteran trader Peter Brandt warned that Bitcoin has broken below a key parabolic support, and if historical patterns repeat, there is a risk of deeper corrections.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Delphi Digital Backtest: BTC median returns over the past five years were more than 8x, with no losses for ETH
According to analysis published on X by cryptocurrency research firm Delphi Digital on April 30, backtest results since holding since May 2016 show that after accounting for staking rewards, ETH and SOL have had no negative returns across all five-year holding periods; in the worst case, BTC has lost about 13%. BTC’s five-year median return is more than 8x, and ETH’s five-year median return is close to 13x.
MarketWhisper15m ago
Machi X Loses $3.94M in Weekly Liquidation as BTC, ETH Positions Hit Overnight
According to BlockBeats, on April 30, Machi X suffered $3.94 million in weekly losses as market pullback triggered partial liquidations of its Bitcoin and Ethereum holdings overnight. The fund's total position value fell to $29.06 million, with ETH liquidation price at $2,188 and BTC liquidation pri
GateNews53m ago
Ripple, Bullish Expand Institutional Access to BTC Options Trading
Ripple Prime clients gained direct BTC options access through Bullish on April 29, expanding institutional derivatives trading. The rollout enables RLUSD use in options trading and connects clients to one of the largest regulated BTC options markets by open interest.
Key Takeaways:
Ripple Prime c
Coinpedia1h ago
Bitcoin Liquidation Cascade: $1.894B Short Liquidations If BTC Breaks $79,561
According to ChainCatcher, citing Coinglass data, if Bitcoin breaks above $79,561, cumulative short liquidations on major centralized exchanges would reach $1.894 billion.
Conversely, if BTC falls below $72,073, cumulative long liquidations would total $1.008 billion.
GateNews1h ago
Tether Proposes Merging Twenty-One Capital, Strike, and Elektron Energy on April 30
According to Tether Investments, the company proposes merging Twenty-One Capital with Strike, Jack Mallers' global bitcoin financial services platform, and Elektron Energy, a major bitcoin mining operator, on April 30. Elektron manages approximately 50 EH/s of hashrate (about 5% of global network) a
GateNews2h ago
BTC breaks through 76000 USDT
Gate News bot message, Gate market data shows BTC has broken through 76000 USDT, current price is 76000 USDT.
CryptoRadar4h ago
