Binance's Bitcoin reserves have been on a decline since August, reaching their lowest point since January. Historically, such a decrease was followed by a significant 90% rally in Bitcoin's value. This trend aligns with Bitcoin achieving a record high of approximately $108k. The reduction in reserves indicates growing investor confidence in Bitcoin's long-term potential, as they choose to withdraw rather than sell. This pattern of withdrawals often signals positive momentum in the market, suggesting an optimistic outlook for Bitcoin's future performance.
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