#BinanceAlphaAlert ♾ Since January 2024, Binance's Bitcoin reserves have dropped below 570,000 BTC, two months before Bitcoin's 90% price surge in March

⏺ Bitcoin investors are putting their money into cold storage and are bullish on its long-term price prospects, according to this decline.

⏺ After falling to a comparable level in January, Binance's reserves surged to $73,679 in March.

⏺ At 58.4%, Bitcoin's dominance is just below the crucial 60% mark; however, some analysts think that 60% may indicate a broader rotation towards other crypto assets.

The psychological $100,000 level has been a stumbling block for Bitcoin since it was broken on December 5.