While Bitcoin continues to hit multiple all-time highs in a row, withdrawals from Binance remain consistent, even with BTC prices exceeding $100K.
This trend, which began in early November, shows no signs of slowing down.
As a result, Binance's Bitcoin reserves have been steadily declining since August, with the pace of outflows accelerating significantly since November.
These withdrawals reflect strong investor confidence, as it appears that holders are opting to secure their BTC in private wallets, signaling their intention to hold for an extended period, potentially anticipating further price increases.
Written by Darkfost
