Close Menu
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
    • Bitcoin
      • Bitcoin Price
      • Bitcoin News
      • Ethereum
    • Crypto News
    • Bitcoin Mining
    • Bitcoin For Beginners
    • Bitcoin Trading
    • Casino
    • Web3
    • Advertise
    Home » Bitcoin Surges Above $100,000 Amid Corporate Sell-Offs
    Bitcoin Surges Above
    Bitcoin News

    Bitcoin Surges Above $100,000 Amid Corporate Sell-Offs

    adminBy adminDecember 13, 2024Updated:December 13, 2024No Comments3 Mins Read

    Despite a record sell-off by corporate executives in traditional markets, Bitcoin Surges continues to show surprising resilience, trading above $100,000. The market cap leader in cryptocurrencies was able to weather possible profit-taking and keep its upward pace.

    Behind the market action, we observe robust demand and restored investor confidence. Bitcoin has weathered price falls that seldom last a day, and fresh financial inflows appear to support the increase.

    Bitcoin tops $100,000 amid profit-taking

    After finally breaking beyond the $100,000 barrier, Bitcoin’s surge performance has been nothing short of remarkable. According to statistics from CoinGecko, BTC reached a 24-hour high of $102,528 on Friday and is currently trading above that level.

    According to IntoTheBlock data, 99% of holders are making money at the present price. Bitcoin’s price has remained strong despite traditional financial markets being very volatile. Another indicator of long-term conviction is that 71% of Bitcoin holders have held their assets for over a year, according to data from blockchain analytics businesses.

    Sales of stocks soarNew investment seems to be one of the main reasons Bitcoin holds its own. Ki Young Ju of CryptoQuant has previously stated that “fresh capital” drives the continued upward price trend. Also, transfers exceeding $100,000 have surpassed $233 billion in the last seven days, which can only indicate interest from institutions.

    Sales of stocks soar in a 6:1 ratio

    Business leaders are selling their stocks at record prices as Bitcoin prices skyrocket. A startling 6:1 ratio of stock sellers to buyers has been reported by The Kobeissi Letter on X. Executives may be rebalancing their portfolios in response to economic uncertainty or overvaluation, or they may be taking advantage of the current high valuations.

    Despite this, Bitcoin remains largely unaffected, with minor profit-taking in 24 hours and a quick recovery. The Kobeissi Letter suggests that Bitcoin quickly recovered from recent price dips—lasting less than a day for drops of over 5% since November 5th.

    Bitcoin is touching a YTD of 140% as year-end investor confidence continues. Coinglass data reveals that in the past 24 hours, $36.59 million in longs were liquidated. This indicates that price drops caught many by surprise, while $14.37 million in shorts were liquidated, reflecting some recovery. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

    Summary

    Bitcoin is above $100,000 despite a record sell-off by corporate executives in traditional markets. On Friday, Bitcoin reached $102,528 and remains strong, with 99% of holders profiting. Strong demand and investor confidence have kept Bitcoin resilient, with 71% of holders owning it for over a year.

    With $233 billion in transfers exceeding $100,000 in the past week, new investment, notably from institutions, is driving Bitcoin’s rise. Corporate CEOs are selling equities at a historic 6:1, maybe due to economic uncertainties or expensive valuations. Bitcoin Surges has rebounded fast from recent dips, rising 140% YTD. Long and short positions were liquidated heavily, indicating price changes.

    FAQs

    Why is Bitcoin's price staying above $100,000?

    Bitcoin's price remains strong due to robust demand, investor confidence, and new institutional investments despite volatility in traditional markets.

    What is driving Bitcoin's upward trend?

    Fresh capital inflows and institutional interest are key factors propelling Bitcoin's price increase, with $233 billion in transfers exceeding $100,000.

    How has Bitcoin performed during market volatility?

    Bitcoin has shown remarkable resilience, quickly recovering from price dips that typically last less than a day, despite broader market uncertainty.

    What is the sell-off ratio in traditional markets?

    Corporate executives are selling stocks at a historic 6:1 ratio, likely due to economic concerns or overvalued markets, yet Bitcoin remains unaffected.

    What does Bitcoin's year-to-date increase indicate?

    Bitcoin's 140% YTD gain reflects growing investor confidence, with liquidations of long and short positions showing unexpected price changes.

    Bitcoin Surges Bitcoin Tops
    admin
    • Website

    Related Posts

    Bitcoin Bullish Setup Signals New All-Time High Potential

    May 20, 2025

    Bitcoin Price Drops Below $60K Amid $500M Long Liquidations

    May 13, 2025

    Crypto Market Dips: Bitcoin Nears $94K, Ethereum Below $1.8K

    May 6, 2025

    CZ’s Crypto Market Commentary: Predicting Bitcoin Bull Run in 2025

    April 28, 2025

    Metaplanet Increases Bitcoin Holdings to 4,855 BTC

    April 21, 2025

    WLFI Denies Binance Allegations, Criticizes Media Bias

    March 15, 2025
    Leave A Reply Cancel Reply

    Trending Posts

    Moo Deng (MOODENG) Price Forecast and Green Crypto Growth

    May 23, 2025

    Bitcoin Hits $110K Institutional Surge and Retail Hype Fuel Rally

    May 23, 2025

    Top 3 Institutional Ethereum Price Predictions for 2025

    May 21, 2025

    Top Crypto Projects 2025 Web3 AI vs Toncoin & Hedera

    May 21, 2025

    Bitcoin Bullish Setup Signals New All-Time High Potential

    May 20, 2025
    • Home
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
    © 2025 One Day Bitcoin. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.