$BTC In a dramatic turn of events on May 12, more than 3,000 BTC, worth approximately $312 million, were withdrawn from Binance, the world's largest cryptocurrency exchange, marking one of the largest outflows in a single day in recent weeks.

This move comes shortly after the United States and China reached a crucial agreement on tariffs, triggering immediate reactions in the financial markets.

Notably, the S&P 500 surged more than 3% following the news, reflecting renewed investor confidence.

The withdrawal of such a substantial amount of Bitcoin from Binance aligns with a broader trend of declining exchange reserves.

Recent data shows that Binance's Bitcoin reserves have been steadily decreasing, from around 595K BTC at the end of February to approximately 541.4K BTC by mid-May. This reduction suggests that investors are moving their holdings to cold storage or private wallets, possibly anticipating long-term price appreciation or reacting to macroeconomic developments.

Connecting the dots: Bitcoin, macroeconomic trends, and exchange reserves:

* The withdrawal of 3,000 Bitcoin from Binance, along with the strong recovery of the S&P 500, paints a clear picture of changing capital flows in response to diminishing macroeconomic risks.

* The decrease in exchange reserves suggests that large investors are pulling Bitcoin off exchanges, a move historically associated with accumulation and reducing immediate selling pressure.

* Meanwhile, the rise in the stock market reflects a renewed appetite for risk as the tariff agreement between the United States and China eases global trade tensions.

Written by Amr Taha