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Binance's Bitcoin reserve have hit its lowest level since the begining of 2024 !
Binance's Bitcoin reserves have been declining since August, recently hitting their lowest level since January. When this occurred in January, it was followed by a 90% Bitcoin rally. Interestingly, this milestone coincides with Bitcoin reaching an all-time high of around $108k. The decreasing reserves on Binance suggest that investors are confident in Bitcoin's long-term prospects, opting to withdraw their holdings from the exchange rather than keeping them there for selling on the short term. When periods of withdrawals occur, it is often a sign of positive momentum building in the market.