Why Is Bitcoin Price Up Today? Here’s What’s Fueling the Surge

BTC 반등으로 65,000 USDT 돌파, 24시간 하락폭 8.7%로 축소

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Binance Strengthens SAFU Reserves With $233 Million Bitcoin Purchase

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Bitcoin is still down 50% from its all-time high. Yes, deeper drawdowns (-70% to -80%) are possible compared to previous bear markets, but the bigger risk now is time capitulation, not price. It’s not just how low it goes, but how long it stays there.

Bybit released its 28th Proof of Reserves report (snapshot date: Jan. 27). User BTC holdings were about 60,500 BTC, down 4.25% from the previous snapshot on Dec. 17 (down 2,685 BTC). User ETH holdings were about 470,000 ETH, down 12.44% (down 66,790 ETH). User USDT holdings rose