The cryptocurrency market has just witnessed a liquidation of about 580 million USD in long positions as the price tested the level of 90,896 USD. On the Binance exchange, the amount of Bitcoin withdrawals has sharply decreased over the past 2 days. This indicates:
- Fewer users are withdrawing BTC to personal wallets.
- The demand for BTC from long-term holders has decreased.
With these characteristics, it can be predicted that speculation will continue to rise as optimistic investors try to keep the price above 90k USD.