Bitcoin reserves on Binance reached the bottom of the year

Bitcoin reserves on the Binance exchange have fallen below 570,000 BTC, the lowest level since January 2024, according to analysis from CryptoQuant. This decline shows that investors are tending to transfer Bitcoin to cold wallets, demonstrating confidence in the long-term prospects of this currency. If history repeats itself, the price of Bitcoin could increase sharply in the next few months, with forecasts that it could exceed $187,500 in the near future.