Investor pulls out a large amount of tokens from Binance amidst market downturn

Despite a positive start to the week in the
cryptocurrency market
, things took a turn for the worse, and after a 2.5% drop today, the price stands at $60,000. It was also observed that the price fell below $60,000 several times throughout the day. Such declines can bring panic and greater selling pressure. Nevertheless, some investors’ moves can be interpreted as efforts to position themselves before a potential market rise. Despite this, the declines experienced during the day triggered a $100 billion loss in the last 24 hours.