Bitcoin fell more than $2,000 on Saturday, recouping losses suffered during weekend trading, catching traders off guard and prompting nearly $500 million in liquidity.
The world's largest digital asset is trading below $98,000, hitting a three-day low of $95,800, according to CoinGecko data.
DIP longs surged to 11 days with more than $344 million shipped, while shorts traded around $136 million, according to CoinGlass. Data It shows.
Analysts expect more of the same in the past two weeks, with retail and institutional investor interest unaffected by intraday swings.
“Prices are likely to remain supported as we approach the end of the year as we continue to see strong demand for Bitcoin alongside the easing of monetary policy by global central banks,” wrote QCP Capital. Note last week.
Investor sentiment continues to be buoyed by favorable tailwinds from the incoming Donald Trump administration, with the president-elect vowing to ride on the momentum. crypto agenda.
Wall Street's top police, the Securities and Exchange Commission, will have a changing of the guard on January 20 following Trump's inauguration.
Chairman Gary Gensler announced the decision Resignation After years of backlash from the crypto community, they called it a heavy-handed approach after last week's post-website litigation.
On the campaign trail, Trump promised to fire Gensler if elected to the White House, drawing applause from the crowd during the election. Bitcoin conference July in Nashville.
The US-listed space saw increased interest from Bitcoin exchange-traded funds, particularly from BlackRock. Transaction volume.
Options trading They help increase price volatility on some products; Analysts He said earlier DecryptMuch of the activity is focused more to the upside in the coming months.
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