Bitcoin's price has dropped below $90,000, sparking extreme fear among retail investors and weak institutional flows. Despite this, analysts and major investors suggest a potential rebound is on the horizon. Whale activity has increased, with wallets holding over 1,000 BTC reaching a four-month high as Bitcoin fell below $100,000. Citi attributes the recent price weakness to a temporary liquidity squeeze from the U.S. government shutdown but anticipates improvement soon.
While some, like Mike McGlone, warn of a possible drop to $10,000, others, including Austin Arnold and Cameron Winklevoss, view the current dip as a generational buying opportunity. Michael Saylor and YoungHoon Kim remain optimistic, with Kim predicting a $220,000 target within 45 days.
Bitcoin Whales Accumulate as Analysts Predict Potential Rebound
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