Deep Tide TechFlow news, on December 26, according to Cointelegraph, Binance's Bitcoin reserves have fallen below 570,000, hitting a new low since January this year. Data shows that after similar reserve levels in January, the price of Bitcoin rose by 90% in March.
CryptoQuant analyst Darkfost pointed out that a decline in exchange reserves usually indicates that investors are moving Bitcoin to cold wallets, optimistic about its long-term development. "When there is large-scale withdrawal, it usually means that the market is accumulating positive momentum," Darkfost said.