on-chain data shows Bitcoin withdrawals hit 7-year high at 3,100 daily transactions while deposits fall to 8-year low, creating supply shock as $BTC consolidates near $90,000.
As $BTC consolidates in the $90,000-$91,000 range, on-chain data from Binance reveals an unusual bullish divergence in trader behavior regarding selling versus buying activity.
Rather than liquidating positions, the majority are aggressively withdrawing coins from the exchange, leading the Bitcoin price prediction to signal a potential breakout above $100,000.
