Bitcoin inventory on Binance has been falling since August, reaching its lowest level since January. This preceded a 90% increase in Bitcoin.

Interestingly, this moment coincides with Bitcoin’s all-time high of around $108,000.

The decline in inventory on Binance indicates that investors are confident in the long-term prospects of Bitcoin. They are withdrawing assets from the exchange instead of selling them in the short term.

Such withdrawal periods often signal positive dynamics in the market.