Bitcoin price sharply drops below $95,000 after a quiet weekend, causing significant losses for traders using excessive leverage with total liquidations reaching $550 million. However, the market may change soon as investors prepare to inject new capital.

ERC-20 stablecoin reserves on Binance hit a record high of over $28 billion, indicating that capital is waiting for a good opportunity to enter the market. Binance plays a crucial role as a "liquidity hub," attracting stablecoin trading.

Crypto Rover predicts BTC could reach $120,000 if the upward trend continues, emphasizing the rarity of monthly breakthroughs. 📈