Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Bitcoin Dips Below $100K As Accumulation And Institutional Activity Surge

Bitcoin has slipped below the $100,000 mark, but a significant demand zone has emerged just beneath this level. On-chain data reveals that over 1.45 million BTC were accumulated at an average price of $97,500, creating a key support zone that could influence future market movements. Will Bitcoin retrace below $100k? Interestingly, a significant demand zone has formed just under $100k. Over 1.45 million BTC was accumulated at an average price 97.5k, making this an important potential support zone. pic.twitter.com/vDcHEl8OKV — IntoTheBlock (@intotheblock) December 19, 2024 Recent months have also seen a notable shift in Bitcoin ownership. The proportion of wealth held in recently moved supply has been increasing, as long-term holders redistribute coins to new investors. This trend highlights a surge in demand-side activity and growing interest from fresh market participants. The proportion of #Bitcoin wealth held within recently moved supply has started to increase meaningfully in recent months. This occurs as coins held by Long-Term Holders are distributed to new investors, which in turn highlights a surge in new demand-side activity. pic.twitter.com/h0P5gMihlj — glassnode (@glassnode) December 19, 2024 Institutional players continue to play a pivotal role in the Bitcoin ecosystem. Marathon Digital (@MARAHoldings) recently added 1,627 BTC, worth $166 million, to its holdings within just eight hours. Meanwhile, MicroStrategy’s Michael Saylor announced plans to transition the company’s fundraising strategy. On-chain data shows that Marathon Digital( @MARAHoldings ) has accumulated 1,627 $BTC ($166M) in the past 8 hours. https://t.co/9DlN5ZPsBz pic.twitter.com/3KQUfyJnJY — Lookonchain (@lookonchain) December 19, 2024 After exhausting the current leveraged Bitcoin proxy plan, MicroStrategy intends to focus on fixed-income securities to finance future cryptocurrency purchases. So far, the firm has utilized a mix of new stock and convertible bond sales to expand its Bitcoin reserves. MicroStrategy`s Michael Saylor said that once the current fundraising plan is exhausted, the company will shift from the leveraged Bitcoin proxy plan to a more focused fixed-income securities to raise funds to buy cryptocurrencies. So far, MicroStrategy has used a combination of… — Wu Blockchain (@WuBlockchain) December 19, 2024 Bitcoin spot ETFs are also experiencing consistent inflows, signaling sustained interest from institutional investors. On December 18, spot ETFs recorded a net inflow of $275 million, marking 15 consecutive days of positive flows. Notably, BlackRock’s IBIT ETF saw a substantial net inflow of $360 million. On December 18, Bitcoin spot ETFs had a total net inflow of $275 million, continuing net inflows for 15 consecutive days. BlackRock ETF IBIT had a net inflow of $360 million. https://t.co/59u0BnEqLG pic.twitter.com/8YRtjyAxNI — Wu Blockchain (@WuBlockchain) December 19, 2024 Despite Bitcoin’s recent price dip, the underlying fundamentals indicate robust demand and increasing institutional adoption. With significant accumulation at current levels and continued inflows into Bitcoin-focused financial products, the market remains poised for potential growth in the near term. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: alekskhmelev/ 123RF // Image Effects by Colorcinch CryptoIntelligence

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Whales Accumulate $ENA As Ethena Reaches Record High TVL

Whale activity surrounding $ENA has surged in recent days, signaling strong confidence in Ethena’s growing ecosystem. Over the past three days, a newly established wallet has withdrawn 13.65 million $ENA (worth $13.42 million) from Binance, highlighting significant accumulation during the recent market dip. Whales are accumulating $ENA . Over the past 3 days, this newly created wallet has withdrawn 13.65M $ENA ($13.42M) from #Binance . https://t.co/yVzvPAUlYG pic.twitter.com/warF4CflA8 — Lookonchain (@lookonchain) December 20, 2024 In total, whales have purchased over 36.55 million $ENA amid the price correction, demonstrating their belief in the token’s long-term potential. This buying spree reflects increasing interest in Ethena as it solidifies its position as a key player in the DeFi space. During the recent price dip, whales bought over 36.55 million #Ethena $ENA ! pic.twitter.com/U410ClRCbW — Ali (@ali_charts) December 18, 2024 Data from DeFiLlama reveals that as of December 17, Ethena’s Total Value Locked (TVL) surpassed an impressive $6 billion, setting a new record high. A significant portion of this comes from the supply of USDe, which reached 5.933 billion, alongside USDtb supply amounting to 70.42 million. 据 DeFilama 平台数据显示，截止 12 月 17 日，Ethena TVL 突破 60 亿美元，创历史新高。其中 USDe 供应量达 59.33 亿枚，USDtb 供应量达 7042 万枚。 pic.twitter.com/djHY1oZPBA — BlockBeats｜We`re hiring! (@BlockBeatsAsia) December 17, 2024 These milestones underscore the growing adoption of Ethena’s ecosystem, particularly its innovative stablecoin solutions. The platform’s ability to attract substantial liquidity and whale interest highlights its strong market positioning and trust within the DeFi community. Ethena’s recent success can be attributed to its robust protocol design and the increasing demand for stablecoin and yield-generating opportunities. With whales actively accumulating $ENA and TVL climbing to new heights, the project is well-positioned for continued growth and influence in the decentralized finance sector. As investor confidence grows, all eyes remain on Ethena’s next developments, as it continues to push boundaries and drive innovation in the crypto space. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: loft39studio/ 123RF // Image Effects by Colorcinch CryptoIntelligence