Bitcoin 
$93,689 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.
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