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ON-Chain Data Shows Over 51,000 Bitcoin Withdrawn From Binance Since Mid-April

#BTC $BTC #bitcoin #crypto

Bitcoin’s recent recovery has encountered resistance as the asset remains range-bound between $93,000 and $97,000. After briefly climbing late last month, Bitcoin has struggled to maintain upward momentum since then.

At the time of writing, BTC is trading at approximately $94,305, reflecting a modest 1.3% decline over the past day. While price action has slowed, activity on the backend of the market suggests underlying shifts in investor behavior.#Binance

New on-chain data points to a significant decrease in Bitcoin reserves held on Binance, the world’s largest cryptocurrency exchange by trading volume.