Bitcoin reserves on Binance have fallen below the mark of 570,000 BTC, reaching a minimum since January of this year. The history of the cryptocurrency market shows that such declines in exchange reserves have often preceded significant increases in the price of Bitcoin. Investors withdrawing their BTC from Binance are likely betting on long-term holding, which reduces the supply in the market. A reduction in supply with sustained or increasing demand typically exerts upward pressure on the price. Should we expect a new rally? Time will tell, but the current situation resembles previous periods before bull trends. #BTC #binance
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