Binance's Bitcoin reserves have fallen below 570,000 BTC, which is the lowest level since January 2024. The changes have been noted by CryptoQuant analysts. In the past, similar declines in reserves preceded a 90% increase in the value of Bitcoin over two months.

A decrease in reserves usually means that investors are moving assets to cold storage, anticipating long-term price growth. In January, Binance's reserves had already dropped to a similar level before the price of Bitcoin reached a record $73,679 in March.$MOVE $FTT $STG