Bitcoin reserves on Binance have decreased since August, recently hitting the lowest level since January.

In January prior, after reserves dropped, Bitcoin rose by 90%.

Interestingly, this milestone coincided with Bitcoin reaching an all-time high of around 108k USD.

The decrease in reserves indicates that investors have confidence in Bitcoin's long-term prospects, choosing to withdraw from the exchange rather than sell in the short term.

When there is a withdrawal phenomenon, it is often a sign that positive momentum is forming in the market.