Bitcoin sees a pause in sell dominance as taker flow turns neutral

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.

Crypto trader James Wynn, known for losing $100 million in realized profits, has forecasted a significant decline in Bitcoin's price, predicting it will crash to $67,000. This prediction follows his earlier warning before Bitcoin fell below $100,000 earlier this month, indicating a troubling trend for the cryptocurrency market.

CalPERS, the largest pension fund in the U.S., has reported a significant loss as its investment in Strategy has dropped from $144 million to $80 million, highlighting the inherent volatility and risks associated with cryptocurrency-linked investments.

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.

Bhutan has allocated $970,000 in Ethereum for staking, marking a significant step in the country's strategic embrace of blockchain technology. This investment is expected to enhance Bhutan's digital infrastructure and foster innovation within its economy.