Data: Binance's Bitcoin reserves have fallen below 570,000, hitting a new low since January this year
ChainCatcher news, according to Cointelegraph, Binance's Bitcoin reserves have fallen below 570,000, hitting a new low since January of this year. Data shows that after a similar reserve level in January, Bitcoin's price rose by 90% in March.
CryptoQuant analyst Darkfost pointed out that a decline in exchange reserves usually indicates that investors are moving Bitcoin to cold wallets, optimistic about its long-term development. "When there is a large-scale withdrawal, it usually means the market is accumulating positive momentum," Darkfost said.
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