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Investors Positions: Whats Next for Bitcoin

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10.12.2024

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Since November 8, long-term investors have reduced their holdings by 827,783 BTC, worth $81.2 billion. Experts from CryptoQuant highlight that during this period, short-term holders, especially retail investors, have increased their activity, driving up demand. However, these investors are often vulnerable during price declines.

Analysts believe that major players will prevent Bitcoin from rising above $100,000 in the near future, and speculative interest on exchanges is weakening. In the short term, a rally for the leading cryptocurrency is unlikely. However, new all-time highs could be reached next year. At the same time, analysts at Derive estimate that the probability of Bitcoin exceeding $150,000 by 2025 is only 6%