The price of bitcoin on Binance Australia was nearly 9,000 Australian dollars ($5,860) lower than that on other local crypto exchanges on Tuesday, suggesting its users are looking to liquidate their positions quickly.

Bitcoin is priced at about A$34,000 (about $23,062.20) on Binance Australia, and A$43,000 (about $28,000) on Australian cryptocurrency exchange BTC Markets. Bitcoin is quoted at $27,790 outside Australia.