According to Cointelegraph, CryptoQuant contributor Darkfost pointed out in an analysis report on December 25 that Binance’s #Bitcoin price recently fell to $98,990, and the reserve has fallen below 570,000, the lowest level since January this year.

This change usually means that investors are actively moving Bitcoin to #coldwallets , showing optimism about the long-term price outlook. Looking back at the beginning of this year, Binance’s Bitcoin reserves fell to a similar level in January, and within the next two months, the price of Bitcoin surged to a record high of $73,679 on March 13.

Darkfost emphasized: “The emergence of a withdrawal wave is often a signal that positive market momentum is forming.”