Bitcoin’s price has fallen by about 21% in recent weeks, falling below $100,000, but analysts are calling the decline completely normal. New data shows that hoarding wallets bought 50,000 bitcoins in a single day, adding a total of 375,000 BTC to their reserves in a month, a new record in market history.
These wallets are only buying and not selling, which shows that even in bearish conditions, there is real demand and long-term buyers are active. The average monthly purchase of these wallets has more than doubled in the past two months, from 130,000 to 262,000 BTC.
On the other hand, despite capital outflows from some Bitcoin ETFs in the US, holdings of large funds such as BlackRock Trust have remained stable, likely fueling the accumulation trend.
Experts emphasize that this correction in the range of 20-25% is normal and should not be considered an anomaly or an unusual fall. For retail investors, they say, this situation means an opportunity to accumulate at the bottoms and wait for the next uptrend.
