2024

Bitcoin

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<p>Bitcoin price has seen extreme fluctuations this week, making headlines with its brief <a href="https://www.thecoinrepublic.com/2024/12/17/bitcoin-at-107k-ath-institutional-adoption-to-power-further-price-growth/">rally to a new all-time high (ATH)</a> above $108,000 on December 18, 2024, only to drop as low as $93,111.68 as of writing this.</p> 
<p>Amid this dramatic price action, institutional investors have continued their buying spree, with significant accumulation from top pro-Bitcoin firms.</p> 
<p>Despite this, Bitcoin price has failed to sustain its gains, leading industry veteran Samson Mow to weigh in on the situation. </p> 
<p>Mow explained that a Bitcoin supply shock is on the horizon, urging investors to trust their instincts.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-reaches-ath-then-faces-a-sharp-decline"><strong>Bitcoin Reaches ATH, Then Faces a Sharp Decline</strong></h2> 
<p>Bitcoin’s bullish surge to $108,000 on December 18 marked a historic high, but this momentum quickly fizzled out. </p> 
<p>By December 20, the <a href="https://www.thecoinrepublic.com/2024/12/20/crypto-market-shakeout-in-play-when-will-the-bloodbath-end/">price had fallen back</a> to $93,111.68, showing a drop of approximately 13.8%.</p> 
<p>This sharp reversal underscores the volatility that continues to define Bitcoin price movements.</p> 
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   <em>BTC/USDT Chart: Source| Trading View</em>
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<p>The decline came despite massive institutional purchases, most notably from MicroStrategy. The business intelligence firm recently acquired an additional $1.5 billion in Bitcoin, raising its total holdings to a staggering 439,000 BTC.</p> 
<p>Other firms with Bitcoin treasuries, including MARA Holdings, have also joined the buying frenzy. </p> 
<p>These large-scale purchases have drained a significant portion of Bitcoin’s circulating supply, leading to growing concerns about market behavior in the face of such scarcity.</p> 
<h2 class="wp-block-heading" id="h-samson-mow-s-take-a-supply-shock-is-coming"><strong>Samson Mow’s Take: A Supply Shock Is Coming</strong></h2> 
<p>In response to the ongoing price drop, Samson Mow took to X (formerly Twitter) to address why Bitcoin price has continued to fall despite intense accumulation.</p> 
<p>Mow stated, </p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“I often see people asking the question ‘if everyone is buying and there’s no supply, then why is the price going down?’ It’s just the market behaving irrationally with what limited #Bitcoin supply is left. Trust your instincts. The supply shock is coming.”</p> 
</blockquote> 
<p>Mow’s words highlight the core issue facing Bitcoin’s market: the total supply of Bitcoin is capped at 21 million, and as more institutional investors continue to acquire Bitcoin, less remains available for the broader market.</p> 
<p>Mow is confident that the limited supply will eventually trigger a supply shock, pushing prices higher once the market reacts to the scarcity.</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Yes so this:<br><br>It’s just the market behaving irrationally with what limited <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> supply is left. <br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f913.png" alt="🤓" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1869954658237854017?ref_src=twsrc%5Etfw">December 20, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>The ongoing accumulation trend suggests that institutional players are positioning themselves for future gains. </p> 
<p>MicroStrategy, for example, has made several <a href="https://www.thecoinrepublic.com/2024/12/03/microstrategy-buys-15400-btc-boosting-holdings-to-402100-bitcoin/">major Bitcoin purchases</a> in recent weeks.</p> 
<p>Each time the company announces a new purchase, market traders typically adjust their pricing to reflect MicroStrategy’s average purchase price.</p> 
<p>While the current market has seen prices retract, this pattern indicates that more institutional buying could be on the horizon, potentially leading to price rebalancing.</p> 
<p>However, despite the accumulation, Bitcoin price has not managed to sustain the gains above $100,000. As of December 20, Bitcoin price fell below $95,000.</p> 
<h2 class="wp-block-heading" id="h-what-s-next-for-bitcoin"><strong>What’s Next for Bitcoin?</strong></h2> 
<p>Samson Mow’s forecast of an impending supply shock suggests that the current market conditions may be temporary.</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Welcome to the 3rd great <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> supply shock <a href="https://t.co/lM0kvnEatY">pic.twitter.com/lM0kvnEatY</a></p>— Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1868965572920357224?ref_src=twsrc%5Etfw">December 17, 2024</a>
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<p>Mow urges investors to remain patient, as the ongoing accumulation by institutional investors will eventually result in a price surge when the supply shock takes hold.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/12/20/ath-dip-accumulation-samson-mow-says-bitcoin-supply-shock-is-near/">ATH, Dip, Accumulation: Samson Mow Says Bitcoin Supply Shock Is Near</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

ATH, Dip, Accumulation: Samson Mow Says Bitcoin Supply Shock Is Near

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