Bitcoin has undergone a shock after the holiday, dropping nearly 4% in value over the past day, pulling the price below $95.2k on Thursday. However, data suggests there may still be room for growth.

- **Decrease in reserves on Binance**: Analysis from CryptoQuant shows that Bitcoin reserves on Binance have dropped to the lowest level since the beginning of 2024. This decline began in August, similar to the trend in January before the BTC price surged by 90%.

- **Increased demand for Bitcoin**: OTC exchanges report the largest inventory decrease of 2024, with 26,000 BTC. This indicates rising demand, contributing to the market's upward momentum.

- **$120k target for January**: An analyst predicts Bitcoin could reach $120k by the end of January, with the potential to rise to $135k–$140k in the coming months. 📈

These developments indicate the positive potential of Bitcoin in the near future.