Market Reports

Bitcoin’s Year-End Rollercoaster: Market Makers Navigate Volatility

By RT Staff Reporters · December 27, 2024 · 2 min read

Bitcoin’s price retreated from its all-time high as 2024 drew to a close, trading at $95,600 on December 27, 8:45 a.m. Singapore time. This 3% drop came despite a resurgence in Bitcoin ETF inflows, which totaled $475.15 million on December 26. Fidelity’s FBTC led with $254.37 million, while ARK 21Shares’ ARKB followed with $186.94 million.

Market makers attributed the price action to several factors. Year-end profit-taking played a significant role, with large funds seemingly content with Bitcoin hovering around $100,000. A massive $14.27 billion worth of Bitcoin options set to expire on December 27 added to the market volatility.

Institutional activity remained strong despite the pullback. MicroStrategy continued its Bitcoin accumulation strategy, purchasing an additional $561 million worth near the recent record high. Binance’s Bitcoin reserves dropped to around 570,000 coins, the lowest level since January 2024, potentially signaling a bullish trend.

Bitcoin's Year-End Rollercoaster: Market Makers Navigate Volatility. (Photo Internet reproduction) — Bitcoin’s Year-End Rollercoaster: Market Makers Navigate Volatility. (Photo Internet reproduction)

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Technical analysis revealed a failed breakout from a falling wedge pattern. Bitcoin needed to reclaim key support levels, including the 200-day EMA near $96,400 and the 50-day EMA around $97,830, to maintain its upward trajectory. Failure to do so could lead to a decline toward $90,000.

Sean McNulty, trading director at Arbelos Markets, emphasized the impact of MicroStrategy’s Bitcoin purchases on market sentiment. He predicted potential market volatility due to the options expiry, as market makers might close their hedging positions and short positions in Bitcoin.

As 2024 came to a close, Bitcoin faced a critical juncture. The massive options expiry and year-end profit-taking created an atmosphere of uncertainty. Institutional interest remained strong, but short-term volatility loomed on the horizon.

Traders and investors closely watched Bitcoin’s performance in the final days of this record-breaking year, questioning whether it could maintain its position above the $90,000 support level.

Bitcoin’s Year-End Rollercoaster: Market Makers Navigate Volatility

Live Market IntelligenceCrypto — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

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Digital assets
Jul 25, 2026 · 13:13

Bitcoin · benchmark

64,089
-0.02%

L 63,756day rangeH 64,188

-45.52% over 12 months

Market breadth · 17 names

59% advancing

10 ▲ advancing7 declining ▼

Currencies, rates & key inputs

Ethereum

1,864

+0.20%

Solana

74.07

+0.26%

Gold

4,071

+0.60%

USD / BRL

5.08

-0.24%

Full instrument board

Instrument	Last	Change	YoY	Prev.	High	Low	Volume
BTC	64,089	-0.02%	-45.52%	64,098	64,188	63,756	15,463,334,912
ETH	1,864	+0.20%	-49.98%	1,860	1,869	1,851	4,854,537,216
SOL	74.07	+0.26%	-60.35%	73.88	74.26	73.62	1,037,624,960
XRP	1.10	+0.54%	-65.09%	1.09	1.10	1.09	659,732,416
BNB	566.17	+0.32%	-27.93%	564.34	568.42	563.64	840,531,072
ADA	0.16	+0.66%	-79.79%	0.16	0.17	0.16	141,578,624
DOGE	0.07	+2.79%	-69.82%	0.07	0.07	0.07	493,306,560
AVAX	6.59	+4.66%	-72.55%	6.30	6.62	6.23	260,753,776
LINK	8.37	+0.45%	-54.24%	8.33	8.38	8.27	151,165,312
DOT	0.82	+1.57%	-79.92%	0.81	0.82	0.81	45,860,360
LTC	46.00	-0.70%	-59.58%	46.33	46.40	45.78	154,672,576
BCH	209.44	-0.54%	-62.39%	210.58	212.41	209.38	81,084,720
TRX	0.33	-0.24%	+4.01%	0.33	0.33	0.33	324,261,632
XLM	0.18	+0.24%	-58.71%	0.18	0.18	0.18	77,797,056
HBAR	0.07	-0.82%	-72.86%	0.07	0.07	0.07	41,754,364
NEAR	1.79	-0.60%	-37.14%	1.81	1.81	1.78	97,973,864
ATOM	1.38	-0.76%	-70.65%	1.39	1.40	1.37	16,343,828
AAVE	91.51	-1.65%	-68.89%	93.05	93.05	90.74	141,535,824

Largest moves today

AVAX
6.59
+4.66%

DOGE
0.07
+2.79%

AAVE
91.51
-1.65%

DOT
0.82
+1.57%

HBAR
0.07
-0.82%

ATOM
1.38
-0.76%

LTC
46.00
-0.70%

ADA
0.16
+0.66%

The session read

The Bitcoin eased 0.02%, with breadth positive — 10 of 17 names higher. AVAX led, while AAVE lagged.

From The Rio Times

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