🔥🔥Bitcoin: Binance reserves at their lowest, a sign for the next bull run?🚀🚀🚀
🚨Binance's Bitcoin reserves in free fall
Bitcoin reserves on Binance recently fell below 570,000 BTC, a level not seen since January while breaking all records in November. An observation that has not escaped analysts, like Darkfost from CryptoQuant, who recalls:
👉 « When withdrawals intensify, it is often a sign of positive momentum in the market. »
In fact, this scenario had already occurred last January, just before a 90% rally in bitcoin two months later.
⚠️The numbers speak for themselves:
Current reserves: less than 570,000 BTC, compared to 586,000 in November;
January 2024: a similar level before an explosion to $73,679;
December 2024: a record high at $108,300, before a decline below $100,000.
👉Ryan Lee, analyst at Bitget Research, anticipates an uptick in activity after the holidays, with BTC hovering between $94,000 and $105,000 this week. He notes that the usual illiquidity of markets during festive periods is only a temporary pitfall.
Others predict that the 60% mark could, ultimately, revive the attractiveness of bitcoin and energize the entire crypto sector.
