When the price #Bitcoin tested the level of $90,896, the market liquidated about $580 million in Long positions.
Carefully considering the exchange #Binance , the amount of Bitcoin withdrawals from this exchange has sharply decreased over the past 2 days.
This fundamentally shows us:
- Fewer users are withdrawing $BTC from the exchange's wallet.
- The demand for Bitcoin from long-term investors has decreased.
=> With these two factors, it can be seen that speculative activity will continue to increase, as buyers try to keep the price of Bitcoin above $90,000.