#XmasCryptoMiracles
Bitcoin Reserves on Binance Reach January Levels — Months Before BTC Surges 90%
Bitcoin reserves on Binance have dropped below 570,000 BTC, the lowest level since January. Will history repeat itself?Bitcoin reserves on Binance, the world’s largest cryptocurrency exchange by trading volume, have dropped to levels not seen since January 2024, just two months before Bitcoin’s 90% surge in March.
If Bitcoin follows the same pattern at its current price of $98,680, it could reach $187,500 within months.
Signs of Investor Confidence
Bitcoin Binance
Bitcoin
Index Drop
$98,008
Reserves recently dropped below 570,000 BTC — the lowest level since January, according to a December 25 note from CryptoQuant analyst Darkfost .
When exchange reserves drop, it typically signals that investors are moving Bitcoin into cold storage and are bullish on Bitcoin’s long-term price prospects.