adam98994mi

@adam98994mi

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“Phishing was the most costly attack vector last year,” a CertiK spokesperson told Cointelegraph. “Our figures are conservative, the actual figure is higher when you consider unreported incidents and other types of phishing scams like pig butchering.”

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Su Zhu, co-founder of Three Arrows Capital, was the most notable proponent of the Supercycle Thesis from 2021, arguing that crypto markets would remain in a bull market without a sustained bear market, with Bitcoin eventually peaking at $5 million.

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In November, Tether officially announced the suspension of its euro-backed stablecoin, EURt (EURT), citing community interest. At the time, EURT’s market cap accounted for as low as 0.02% of the USDT’s market value.

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“The purchase, holding of BTC and continuous expansion of BTC reserves is an important strategy of the Group,” Boyaa said in a statement.

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Boyaa Interactive International now has 3,183 Bitcoin in its stash, worth $310.7 million at current prices, according to CoinGecko.

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Boyaa Interactive International, a Hong Kong-based holding company specializing in online card and board games, adjusted its treasury assets by replacing Ether with Bitcoin.

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Meanwhile, chief investment officer at crypto financial services firm Ledn, John Glover, told Cointelegraph that a larger correction could still be possible. However, it is also possible that momentum could continue to the $125,000 area, he said, before adding:

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He added that this was especially true during halving years when “the December returns were +6% in 2012, +31% in 2016, and +47% in 2020 — averaging a remarkable +28%.”

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“Historically, Bitcoin has averaged a +10% increase in December, with blockbuster performances in 2010, 2011, and 2020,” 10x Research founder and CEO Markus Thielen told Cointelegraph.

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Bitcoin reclaimed $98,000 during early trading on Dec. 2, but has retreated below $97,000 since, trading just 3.3% below its Nov. 22 all-time high of $99,645 at the time of writing. Analysts tell Cointelegraph there could be more to come in December.

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“The next months will have insane long opportunities,” he predicted. December has also been a bullish month for BTC historically.

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Capriole Fund founder Charles Edwards said: “Every cycle we get 4-7 months of insane Bitcoin price discovery returns,” adding that the first month occurred in November, which saw the asset surge 40% and break monthly candle records.

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Price discovery is a process that determines an asset’s fair market price through the interaction of buyers and sellers, and a new phase begins once it trades above all-time highs.

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“This isn’t a call for a correction — just manage your risk and avoid panic selling at local bottoms. We’re in a bull market,” Ju added.

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Ju highlighted that “such corrections repeatedly occurred” during the 2021 cycle when Bitcoin then surged from $17,000 to $64,000.

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CryptoQuant CEO and founder Ki Young Ju said in a Nov. 26 X post that even in a “parabolic bull run, Bitcoin can see -30% pullbacks.”

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The data also indicates that by the end of 2024, Bitcoin has a 68% chance of retracing to $81,493 or rising to $115,579. Meanwhile, there’s only a 5% chance of it dropping below $70,000 to $68,429 or reaching as high as $137,645.

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At the time of publication, Bitcoin is priced at $92,680, down about 7.02% from its near $100,000 peak, which topped out at $99,541, according to CoinMarketCap data.

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According to Derive data, 41.3% of contracts traded were calls, while 38.3% were puts betting Bitcoin would drip with “very few sellers.” These grant the buyer the right, but not the obligation, to purchase (call option) or sell (put option) Bitcoin on or before an expiration date at a particular price (the strike price).

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Forster said that the significant demand for Bitcoin BTC$94,713 options, particularly calls that bet its price will rise, “signals a strong market appetite for both upside potential and downside protection.”

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