Corporate execs sell stock at record levels as Bitcoin nears 130% YTD returns
Corporate executives are selling their stock shares at unprecedented levels as Bitcoin continues to sustain above $100,000.
The corporate executive stock sale ratio reached a new all-time high of six sellers to buyers, according to Financial Times data shared by The Kobeissi Letter in a Dec. 12 X post :
“Corporate executives are now selling their stock at record levels, with the ratio of sellers to buyers hitting 6x.”
Corporate executive stock sales reach an all-time high. Source: The Kobeissi Letter/Financial Times
The record number of sellers in the traditional stock market comes after Bitcoin ( BTC ) breached the record $100,000 high on Dec. 6, marking a significant milestone in crypto history .
BTC/USD, 1-year chart. Source: Cointelegraph
Unfazed by the growing selling in traditional stocks, Bitcoin’s year-to-date (YTD) returns surpassed 127% after BTC rose over 13% during the past month, Cointelegraph data shows.
Related: How $100K Bitcoin impacts the wealth gap in the digital age
Bitcoin’s 127% returns outperformed most traditional asset classes in 2024
Bitcoin’s historic $100,000 milestone saw BTC outperform most global assets, such as precious metals and the top stock market indexes.
As of Dec. 13, Bitcoin’s price surged by 137% YTD, while oil fell 0.09%, the S&P 500 rose 28%, and the price of gold increased by 29%.
BTC, gold, oil, S&P 500, YTD chart. Source: TradingView/Cointelegraph
Fueled by improving macroeconomic conditions and interest rate cuts in Europe and China, Bitcoin could reach $160,000 in 2025 , leaving over 60% upside from the current price tag, according to a Matrixport report.
However, the United States Federal Reserve’s upcoming interest rate decision on Dec. 18 could significantly impact Bitcoin’s performance for the rest of the year, Jag Kooner, head of derivatives at Bitfinex, told Cointelegraph. “If macroeconomic conditions, such as rate cuts and institutional adoption, remain favorable, Bitcoin could finish the year at record-breaking levels,” Kooner said.
However, a potential correction to around $70,000 could still be in play during 2025 before a Bitcoin cycle top.
Based on Bitcoin’s correlation with the global liquidity index, Bitcoin’s price will reach a $110,000 “local top ” in January before a temporary correction to $70,000 by February 2025 ahead of the final phase of the bull cycle.
Related: Bitcoin prints record 40% monthly candle as price crosses $99K
Growing inflows into Bitcoin exchange-traded funds (ETFs) could also contribute to Bitcoin’s momentum.
Bitcoin ETF flows. Source: Sosovalue
The US spot Bitcoin ETFs attracted over $4.8 billion worth of inflows during the 11 days leading up to Dec. 12, Sosovalue data shows.
Eric Trump Explains How His Dad Could Propel BTC to $1M. Source: Cointelegraph/YouTube
Magazine: BTC hits $100K, Trump taps Paul Atkins for SEC chair, and more: Hodler’s Digest, Dec. 1–7
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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