#FOMCWatch

on December 16, when Bitcoin dropped about 30% from its all-time high of $126,200 and hovered near the important support level of $85,000, Chain data showed that mid-sized investors and some institutional funds were accelerating their Bitcoin accumulation process.

According to Glassnode data, "shark addresses" holding between 100 and 1,000 BTC increased their holdings to around 54,000 BTC over the past week, raising the total holdings from about 3.521 million to 3.575 million BTC. This is the fastest increase in buying since 2012, indicating a "buy the dip" behavior for BTC at low levels despite the strong rebound adjustment.

$BTC

BTCUSDT

Perp

87,813.5

+2.07%

$ACE

ACEUSDT

Perp

0.2482

+13.74%

$PORTAL

PORTALUSDT

Perp

0.02242

+4.81%