Bitcoin rose 1.41% as of 4:00 p.m. Korea time, signaling a rebound after a period of decline. The move followed the Financial Services Commission’s decision to permit listed companies to invest up to 5% of their equity in cryptocurrencies, effectively ending a long-standing corporate investment ban. The policy change could bring roughly 3,500 firms and professional investors into the market, adding notable liquidity to the sector.
On-chain data and large holders, or whales, supported the rally. Active BTC addresses reached 929,914, a six-month high, indicating sustained user engagement. Whales purchased about $260 million worth of BTC in the spot market and held around $900 million in long futures, helping lift prices. Such activity reduced selling pressure and bolstered confidence, helping Bitcoin hold near the $91,000 level.
The market backdrop combines macro factors with regulatory developments. Bitcoin’s price strength occurred even as broader norms shifted; the rally was underpinned by improved sentiment around corporate participation in crypto and by on-chain and whale activity, which have historically provided a supportive floor for BTC.
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