$160 million in leveraged long positions on Binance were liquidated after BTC dipped below $101,000, leading to short-term volatility but possibly creating an opportunity for long-term market participants.
Binance recorded over 4,000 BTC in withdrawals post-sell-off, indicating investors may be moving funds off exchanges in anticipation of future gains or to protect assets from further volatility.
Long-term holders displayed resilience during the dip, with the Long-Term Holder Realized Cap surpassing $37 billion, suggesting a market reset and accumulation phase amidst short-term holder volatility.
CryptoQuant's analysis highlights a leverage reset, sustained BTC outflows pointing to long-term accumulation, and structural resilience in the market, indicating a healthier phase for Bitcoin with reduced leverage and potential for stable growth.