Bitcoin: Record and Correction

🟠On December 17, Bitcoin reached an all-time high of $108,000, but its price soon dropped nearly 5%, settling at $103,780. According to Whalemap, large holders accumulated over 150,000 BTC at the $98,133 level, which could serve as a key support zone.

🟠The sharp decline triggered liquidations totaling $414 million, reducing open interest in the futures market. Meanwhile, the options market showed increased demand for put options, indicating participants’ efforts to hedge against risks.

🟠Analysts highlight historical parallels: similar corrections occurred in 2013, 2017, and 2021. Experts urge calm, emphasizing Bitcoin’s growth potential leading up to the summer of 2025.