Bitcoin Price Prediction as Recent Decline Triggers Largest Bull Liquidation in 3 Months – Is a Rebound Imminent?

• Bitcoin (BTC) has experienced significant fluctuations in its market value, but is showing signs of resilience.
• Luxury car manufacturer Ferrari has announced that it will accept Bitcoin as a payment method for car sales in the United States, indicating wider corporate adoption of digital currencies.
• The cryptocurrency market in South Korea has seen a surge in trading activities involving Bitcoin, with the Korean won accounting for a significant portion of Bitcoin trading.
• Bitcoin trading in South Korea is experiencing price premiums, indicating robust demand within the country.
• Bitcoin whales, with over 1,000 BTC, have reached a new annual high in terms of the total amount held.

The overall sentiment of the article is positive, highlighting Bitcoin's resilience, wider corporate adoption, and robust demand in South Korea.