
Bitcoin's price has experienced volatility, dipping to $89,000 before rebounding to approximately $96,500. This fluctuation has been accompanied by notable ETF inflows, which reached $1.7 billion over the past week, surpassing average inflows for the fourth quarter. Retail investors, referred to as 'shrimps', have been accumulating Bitcoin at a rate of 17,600 BTC monthly, bringing their total holdings to 1.36 million BTC. Analysts from Standard Chartered have issued warnings regarding potential price corrections, suggesting that Bitcoin could fall to around $80,000 if the $90,000 support level is breached. Fundstrat's CIO, Tom Lee, indicated that while Bitcoin is currently down 15% from its recent highs, this is typical for such a volatile asset, with possible retracement levels at $70,000 and $50,000 before any potential rally. Experts caution that the current price dynamics may lead to a 'self-fulfilling' sell-off if Bitcoin returns to the $90,000 mark, and they recommend buying Bitcoin if it drops below this level, maintaining a year-end price projection of $200,000.


Beware of a 'self-fulfilling' sell-off if bitcoin returns to $90,000, says Standard Chartered https://t.co/j4RNRzuMLC
[COINDESK] Bitcoin Caught Up in a Macro-Driven Sell-Off, May Fall Further: Standard Chartered
.@StanChart says $BTC is at risk of a 10% retracement if it breaks the important $90K level to the downside. @willcanny99 reports. https://t.co/X0LT6U3T5X