$Bitcoin (BTC.CC)$ turned around Monday and went from a 2% slide to a slight climb. Cryptocurrency stocks kept falling anyway, down on the recent crypto price decline since December 18th. Stocks like $MARA Holdings (MARA.US)$ and $Bitdeer Technologies (BTDR.US)$ continued to fall, though not as far as they have at the beginning of the day.

Chris Burniske, a crypto industry expert and former ARK Invest analyst, remains optimistic despite Bitcoin's 15% retracement from its highs.

He points out that quality altcoins are showing resilience, forming higher lows on key timeframes, which suggests the market structure remains healthy.

In a post on X on Saturday, Burniske noted that sentiment and funding rates reveal diminished enthusiasm among late bulls.

However, bullish Q4 developments, coupled with the current fear in the market, present what he calls a "sweet setup for entry into 2025," especially for long-term investors with conviction.

Conversely, crypto chart analyst Ali Martinez issued a warning, stating that Bitcoin dropping below $93,000 could signal trouble due to a lack of substantial support beneath that level.

#Bitcoin $BTC below $93,000 is a problem because, as you can see, there isn't enough significant support below it! pic.twitter.com/MSJxAT56OG

— Ali (@ali_charts) December 30, 2024

Despite the relatively flat trading performance, Bitcoin's whale transactions spiked 53.99% in a single day while transactions greater than $100,000 remain relatively flat but in an uptrend.

IntoTheBlock data shows 93% of BTC traders are in profit and only 5% are underwater.

Coinglass data shows a 122% increase in Bitcoin derivatives trading volume. Open interest climbed 3.6% to $60.7 billion, with $64 million in liquidations reported in the past 24 hours, over half of which were long positions.