Following a significant sell-off in December 2024, Bitcoin whales accumulated over 34,000 BTC. The price of Bitcoin had dipped below 100,000 USD, prompting large institutional investors to resume purchases. This accumulation aligns with a 15% price correction due to extensive selling from MAJOR wallets.

Analysts suggest that the downward pressure on Bitcoin’s price may have peaked, with expectations of recovery leading into 2025. The incoming US President, Donald Trump, has potential pro-crypto policies that could support Bitcoin’s adoption and pricing.