#XmasCryptoMiracles

$BTC 🪙Bitcoin: Binance Reserves at All-Time Low, a Sign of the Next Bullish Cycle?

Bitcoin reserves on Binance have recently dropped below 570,000 BTC, a level not seen since January when it broke all records in November. This observation did not escape market analysts, such as Darkvest of CryptoQuant.

In fact, this scenario already played out last January, two months before Bitcoin surged by 90%.

The numbers speak for themselves:

🔺Current Reserves: Below 570,000 BTC, compared to 586,000 in November;

🔺January 2024: Similar level before exploding to $73,679;

🔺December 2024: Record high of $108,300, before a pullback below $100,000.

These moves reflect growing investor confidence in Bitcoin’s long-term potential, which is leaving the exchanges to move to cold wallets. So, is there a new bull run on the horizon? If history repeats, BTC could reach unprecedented levels in the coming months.

As investors move their assets, crypto traders remain divided. Bitcoin’s dominance hovers around 58.4%, unable to cross the symbolic 60% threshold. This ceiling seems to herald a potential diversification into other digital assets. But for some experts, this stagnation is short-lived.