Bitcoin Price Stabilizes After Massive Correction, Institutional Interest Boosts Recovery

Bitcoin’s price has experienced a significant pullback following its all-time high of $126,198 in the first week of October. The cryptocurrency dropped over $15,000 before stabilizing. However, on-chain data suggests a potential upward trend. Analysts suggest this is due to decreasing selling pressure from investors as their profit-making opportunity diminishes. The market appears to be regaining balance after recent liquidations.