Bitcoin Retreats Below $60,000: Crypto Markets Dip Amidst Falling Exchange Supply

The cryptocurrency market is experiencing a downturn with Bitcoin prices falling below $60,000. This decline coincides with a significant drop in Bitcoin supply from exchanges over the past two days. Data reveals a decrease in large transaction volume and daily active addresses, while liquidations have reached $150 million in the past 24 hours. Despite the bearish sentiment, some analysts remain optimistic about Bitcoin’s potential, predicting it could still push lower to a target range of $53,000 to $54,000.

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