Bitcoin 
$96,662 reached a new peak of 108,268 US dollars on December 18, marking a record high. However, the anticipated year-end rally did not materialize, leading to a 14% drop in Bitcoin’s value. In recent weeks, trading volume for Bitcoin and other major cryptocurrencies has notably decreased. Last week, there was a 64% decline in trading volume compared to the period when Bitcoin hit its record level. This trend has resulted in the market entering a phase of reduced volatility.
Trading Volume and Whale Accumulation
Experts predict significant price movements in Bitcoin and other cryptocurrencies due to low trading volumes and whale accumulation. Analysts from Swissblock and Santiment suggest a potential rally could still be possible by the end of the year.
If large investors, known as whales, continue to make purchases, a market recovery could be observed. Furthermore, low-volume periods might create a misleading perception of Bitcoin’s activity, potentially increasing market engagement.
Market Outlook and Year-End Predictions
Analysts forecast that Bitcoin’s price momentum remains bullish, indicating a potential recovery by year’s end. Experts claim the current trading range is between 90,000 and 100,000 dollars and anticipate a breakout to clarify market direction. Santiment analysts also note that low trading volumes are likely to persist in the crypto market, setting the stage for whale accumulation, which could lead to an unexpected price surge.
The year-end volatility in the cryptocurrency market continues to shape based on the strategies of large investors and market dynamics. Investors are anticipating a potential breakout in uncertain but low-volume market conditions.
