Binance's Bitcoin reserves have been declining since August, recently hitting their lowest level since January.
When this occurred in January, it was followed by a 90% Bitcoin rally.
Interestingly, this milestone coincides with Bitcoin reaching an all-time high of around $108k.
The decreasing reserves on Binance suggest that investors are confident in Bitcoin's long-term prospects, opting to withdraw their holdings from the exchange rather than keeping them there for selling on the short term.
When periods of withdrawals occur, it is often a sign of positive momentum building in the market.
Written by Darkfost
