$BTC
The prices of Bitcoin have shown major correction in the ongoing year, and on the other hand, holders have also surged at an appreciable pace.
However, a recently published report clearly states that the Bitcoin reserve of Binance, the leading cryptocurrency exchange has fallen to a lower level since January 2024 for the first time.
As of writing Bitcoin prices have been trading at $98,100 with an addition of 131.96 percent in the Year-to-date frame and more than 62 percent in the half-yearly frame. According to a report from CryptoQuant, the total number of Bitcoin held by Binance reached 570,000 BTC, the lowest recorded since January this year.
As per finance experts, when the reserve of any exchange declines that signals a shift in the interest of investors towards the long-term price prospect of BTC. The published blog post notes ” When periods of withdrawals occur, it is often a sign of positive momentum building in the market.”
