Tuesday morning brought little change to the crypto market. Bitcoin is still hovering around $86,200, holding steady after Monday’s 3% drop. Ethereum also remains below $3,000, showing no signs of a rebound. Other major coins are mostly flat in recent hours, and overall momentum remains weak.
The Fear & Greed Index has now dropped to 11, hitting one of its lowest levels this quarter. This signals a deep sense of caution among retail investors, with many still on the sidelines.
Read also: Crypto Sentiment at Record Low: Fear and Greed Index Hits 10 for Second Day
Big Players Keep Accumulating
Despite the fear, institutional buyers are not backing off. Strategy confirmed in a post that it acquired another 10,645 BTC for roughly $980 million. This latest purchase brings its total holdings to 671,268 BTC – worth over $50 billion at current prices. The company’s average buy price now stands at $74,972 per coin.
Meanwhile, Bitmine also shared its latest update. As of December 15, the firm holds nearly 4 million ETH and 193 BTC, alongside $1 billion in cash and other smaller positions. The company values its total crypto and “moonshot” holdings at $13.2 billion.
Outlook
The crypto market continues to move sideways with low volume and weak sentiment. The lack of upward momentum, combined with poor macro visibility and falling sentiment, makes short-term direction uncertain.
Still, accumulation by companies like Strategy and Bitmine shows that not everyone is waiting for a perfect entry point. For them, this consolidation phase appears to be an opportunity rather than a warning sign.
