Bitcoin has retreated from its record high of $108,353 but remains above $100,000. Over 77% of Bitcoin wallet addresses are profitable. Bitcoin dominance has climbed to 58.53%, the highest since November 28, signaling the end of the altcoin season as per Blockchaincenter’s altcoin index. Bitcoin has outperformed major indices like the S&P 500 and Nasdaq, with a year-to-date rally of 136%.
Whales, large crypto investors, are showing interest in certain altcoins. Lookonchain data reveals they are accumulating Chainlink, Ethena, Hyperliquid, Ethereum, and Ondo. A whale withdrew 594,998 LINK worth $17.31 million from Binance. Trump-backed World Liberty Financial is involved in ENA accumulation. A large wallet deposited 17 million USDC to buy HYPE between December 7 and 18.
Experts have different views on Bitcoin’s future. Nansen’s Aurelie Barthere suggests institutional investors may increase crypto allocations. Bitfinex analysts project a minimum price target of $140,000 to $200,000 around mid-2025. Trade Nation’s David Morrison noted the Fed’s stance on crypto reserves and Bitcoin’s recent price dip and recovery. Note: This article is for educational purposes and not investment advice.
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