Bitcoin price is down 1% over the past 24 hours, trading at $92,024.99 at 3:55 a.m. EST, while trading volume fell 20% to $57.59 billion.
That drop came as BlackRock CEO Larry Fink said multiple sovereign wealth funds bought the dip during Bitcoin’s recent sharp correction.
Larry Fink casually confirming that sovereign wealth funds bought Bitcoin’s recent dip to 80K may be the most underrated story of the year.
When “sell the dip” turns into “you sold it to a country.” pic.twitter.com/eHPjeAm6Kk
— ElonTrades (@ElonTrades) December 5, 2025
“They’re adding $120,000, $100,000 incrementally… I know they bought more in the ’80s,” he said.
Fink said the funds are long-term holders and framed Bitcoin as a strategic asset that can help sovereign investors hedge against currency declines, fiscal uncertainty and global economic instability.
That pattern fits into a broader trend: digital assets are no longer niche investments for private or retail investors. Major institutions are starting to treat BTC as part of traditional wallets.
If accumulation continues, it could reduce the likelihood of sharp declines and support a more stable price floor over time.
The move by institutional buyers also indicates that while the Bitcoin price may fluctuate in the short term, the long-term story surrounding it remains strong.
Bitcoin price aims to break through towards $100,000
BTCUSDT price action indicates that it has pulled back from the upper limit of a multi-month ascending channel. The price decline towards the lower channel limit, around the $90,000-$91,000 zone, could act as a springboard.
If BTC finds support here and recovers, the path to $100,000 seems plausible. A breakout could target the upper channel wall near $126,000. The level from which BTC started this correction.
However, this bullish case depends on whether buyers intervene near the lower channel boundary and whether sovereign wealth fund accumulation continues. If lower support breaks, Bitcoin could test even lower levels, potentially revisiting the mid-channel or recent swing lows.
BTCUSD analysis source: Tradingview
The Relative Strength Index (RSI) currently stands at 46.92, which indicates a neutral value. Sellers still have a small advantage, but the fact that the price is slowly rising indicates that momentum may be shifting back to buyers if the price remains above support.
The MACD line is currently below the signal line, while the histogram is still in negative territory. This indicates that bearish momentum remains. However, the histogram bars become shorter, which means that the selling pressure decreases. If the MACD breaks back above the signal line, it could confirm a bullish reversal from the recent low.
The ADX is at 35.02, which indicates a strong trend. Since the price has fallen, this high ADX value means that the previous downtrend was strong. If ADX starts falling from this level, it would show that the downtrend is losing momentum and the market is preparing for a possible trend change or consolidation phase.
The indicators suggest that Bitcoin is stabilizing, the bearish momentum is fading and buyers can take action. But the confirmation will depend on the MACD reversal and the RSI decisively above 50.
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