According to Blocktrends analyst Cauê Oliveira, large Bitcoin holders have accumulated over 34,000 BTC, valued at approximately $3.2 billion, following a significant sell-off in late December. This accumulation began after institutions sold off approximately 79,000 BTC shortly after Bitcoin peaked at over $108,000 on December 17, leading to a 15% price correction. With Bitcoin trading around $94,900, this buying activity is seen as providing positive pressure for a potential recovery. Market analysts suggest that the worst of the price decline may have passed, and forecast a bullish trend for Bitcoin, driven by anticipated pro-crypto policies and increasing nation-state adoption. Fidelity Digital Assets has reported that more governments and central banks are likely to seek strategic positions in Bitcoin, positioning the cryptocurrency for a possible surge this year.

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