CoinVoice has recently learned that, according to Cointelegraph, Binance's Bitcoin reserves have fallen below 570,000, hitting a new low since January of this year. Data shows that after similar reserve levels appeared in January, the price of Bitcoin increased by 90% in March.
CryptoQuant analyst Darkfost pointed out that a decrease in exchange reserves typically indicates that investors are transferring Bitcoin to cold wallets, optimistic about its long-term development. "When there is a large-scale withdrawal, it usually means the market is accumulating positive momentum," Darkfost stated. [Original link]