Bitcoin Holds Strong Above $100K Despite Record Stock Sales

• Bitcoin Surpasses $100K, Leads Returns in 2024
• Executives sell shares at a historic 6:1 ratio.
• Bitcoin-based ETFs attract billions in investment.

As Bitcoin holds steady above the all-time high of $100.000, corporate executives have been selling shares in unprecedented volumes. According to data shared by Kobeissi Letter on Dec. 12, the ratio of buyers to sellers in the traditional stock market has reached a record high of 6:1. This movement reflects a strong selling trend, possibly driven by high market values ​​or economic uncertainty.

BREAKING: Corporate executives are now selling their stock at record levels, with the ratio of sellers to buyers reaching 6x.

Why are insiders cashing out? pic.twitter.com/MqBlkVHpMz

— The Kobeissi Letter (@KobeissiLetter) December 12, 2024

The $100.000 milestone was reached by Bitcoin on December 6, solidifying its position as one of the best-performing assets in 2024. Since then, year-to-date returns have reached 137%, outperforming traditional assets such as gold, which is up 29%, and the SP 500 index, which is up 28%.

Reports indicate that macroeconomic conditions, such as interest rate cuts in Europe and China, have contributed to the cryptocurrency’s performance. Furthermore, institutional interest continues to be a key driver of its resilience. Recent data shows that Bitcoin-based exchange-traded funds (ETFs) attracted over $4,8 billion in just 11 days, demonstrating a growing demand for exposure to the asset.

Even with record selloffs in the stock market, Bitcoin has absorbed price fluctuations quickly, with corrections of more than 5% lasting less than a day since November. This behavior reinforces the confidence of long-term investors, as 71% of Bitcoin holders have held their positions for more than a year.

Experts such as Jag Kooner from Bitfinex point out that the US Federal Reserve could influence the cryptocurrency’s performance until the end of the year, depending on upcoming interest rate decisions. The market expects Bitcoin to reach $160.000 in 2025, even with possible temporary corrections to values ​​close to $70.000.

At the time of publication, the price of Bitcoin was quoted at US$101.117 with a drop of 0.5% in the last 24 hours.

Furthermore, transaction data shows volumes exceeding $233 billion in transfers over $100.000 in the last week, highlighting institutional interest and capital inflow into the cryptocurrency market.