According to the chief analyst of Biget Research, Ryan Lee, the price of #Bitcoin may be preparing for a rise to US$120,000, due to a new all-time high of stablecoin reserves on the exchange #Binance .

The stablecoin reserves of the Binance exchange surpassed US$44.5 billion on December 31, approaching the all-time high of US$45.8 billion recorded on December 11.