Binance has seen $8.3 billion in $BTC purchases in the last 60 days.

Despite occasional market corrections, this sustained buying pressure suggests a potential upward movement in Bitcoin's price.

Notably, Bitcoin reserves on Binance have declined to levels not seen since January 2024.

This reduction in available supply, coupled with increased demand, could signal a bullish reversal in the near future.

Currently, Bitcoin is trading around $93,987.

Analysts predict that by the end of 2024, Bitcoin's price could consolidate between $98,000 and $110,000,

with a potential rise to $200,000 by the end of 2025.

These projections are based on factors such as institutional adoption and the effects of Bitcoin halvings.