After last week’s flash crash, Bitcoin’s price has fallen again to similar depths, albeit in a more consistent price correction. Notably, the leading cryptocurrency fell below $105,000 on Friday as cryptocurrency liquidations rose to over $1.2 billion. However, investors’ fundamental buying activity paints an encouraging picture of a potential bullish rebound.
Net Bitcoin buyers reach $309 million despite price decline
In a Quick post On X, popular analyst Amr Taha shares an update on stock exchange activity in the Bitcoin market amid a major price correction. The expert points to a significant rise in buying pressure, suggesting that investors may be quietly accumulating despite the current price weakness.
Notably, on-chain data shows that Bitcoin’s collapse to below $105,000 coincided with a rise in the volume of net buyers on Binance to around $309 million, marking its first positive zone since October 10. In terms of trading, buyers’ volume represents orders that have effectively reached demand, i.e. traders who are willing to buy immediately at the market price rather than waiting for a better entry.
The move suggests that despite short-term volatility, there is still a deep undercurrent of bullish persuasion among Bitcoin holders and traders. This high accumulative activity during price demand is usually preceded by local bottom formations, as aggressive buyers absorb selling pressure, setting the stage for a parabolic price recovery.
Furthermore, while buying volume rose, Amr Taha reported that open interest (OI), which measures the total number of outstanding futures and perpetual contracts, failed to rise in tandem. This difference indicates that trading activity is concentrated in the spot market and not in leveraged derivatives, which reinforces the fact that investors are actively participating in the current market situation.
In short, the famous cryptocurrency analyst sees this development of stock exchange activity as a potential upside. Taha explains that immediate accumulation around key liquidity levels, such as the $105K area, often serves as a basis for future price recovery once selling pressure subsides.
Bitcoin’s recovery has been verified by rising gold prices
In other news, a market analyst with the username Crypto Jebb reverberation Bitcoin’s chances of a major price recovery. However, the expert predicts that the major cryptocurrency may see further declines before eventually reaching a bottom of around $92,000.
In keeping with a growing theme, Gibb bases his bullish thesis on a potential rotation of capital from the gold market to Bitcoin once the market reaches a new market peak. It is worth noting that gold is currently maintaining impressive upward momentum, after becoming the first asset to exceed the market cap value of $30 trillion.
Gibb expects an eventual rotation of capital when the gold market begins to correct, with potential inflows expected to push Bitcoin to around $150,000 in January. At press time, Bitcoin is trading at $107,053, representing a 0.74% decline in the past day following modest recovery efforts.
The post Investors Pile In After Bitcoin’s Decline — Here’s What It Could Mean first appeared on Investorempires.com.
