Famous Trader Who Ran $100M PNL To 0 Predicts Bitcoin Price Will Crash To $67,000, Here’s When Famous Trader Who Ran $100M PNL To 0 Predicts Bitcoin Price Will Crash To $67,000, Here’s When

Bitcoin whales have resumed buying for the first time since August, coinciding with the cryptocurrency's price recovery above $90,000. This resurgence follows a period of volatility, indicating renewed confidence among large investors in the market's potential for growth.

Bitcoin has recently experienced a shift in market sentiment, with sell dominance pausing as taker flow turns neutral. This change may lead to price stabilization, potentially attracting cautious investors and reducing volatility in the cryptocurrency market.

Bitcoin's price is currently trading between $90,658 and $91,394, showing momentum as it approaches recent highs, with a peak of $91,849 noted in the past 24 hours. This upward movement follows a period of volatility where Bitcoin's price fluctuated significantly, including a dip to $80,000.

California's pension fund, CalPERS, has invested $80 million in Strategy shares, providing it with indirect exposure to Bitcoin. This investment reflects a growing trend among institutional investors to explore cryptocurrency as a viable asset class, signaling a shift in traditional asset management practices.

Bitcoin's market structure has weakened significantly as the cryptocurrency experiences a dramatic drop in its Sharpe ratio, indicating increased volatility and negative on-chain metrics. The price of Bitcoin has struggled to maintain upward momentum, reflecting a broader bearish trend in the market.

BlackRock Bitcoin ETF investors have returned to profitability as Bitcoin's price has reclaimed the $90,000 mark, indicating a potential recovery in the cryptocurrency market. This resurgence follows a period of volatility and low investor confidence, suggesting a renewed interest in Bitcoin as it approaches its all-time highs from 2025.

Ethereum is currently retesting key resistance levels after a notable correction, with analysts anticipating the upcoming Fusaka upgrade on December 3 as a potential catalyst for a rally. This follows a challenging November where Ethereum faced a 26% decline amidst broader market pressures.

A dormant Bitcoin whale has sold a significant amount of Bitcoin after nearly three years, realizing a profit of $12.5 million. This sale underscores the potential for substantial gains from long-term Bitcoin holding, which can influence market dynamics and investor strategies.