Bitcoin's recent surge to unprecedented all-time highs, surpassing $100K, has been accompanied by consistent withdrawals from Binance. This trend, which started in early November, indicates a significant shift in investor behavior. Binance's Bitcoin reserves have been decreasing steadily since August, with a marked acceleration in outflows since November. This pattern suggests robust investor confidence, as many are transferring their BTC to private wallets, likely in anticipation of continued price appreciation and a long-term holding strategy.