#USHouseMarketStructureDraft reserves on the Binance exchange recently plummeted

As noted by an analyst in a CryptoQuant Quicktake post, Bitcoin reserves on Binance have experienced a significant decline since mid-April. The 'exchange reserve' here refers to an indicator that tracks the total amount of BTC held in the wallets of this centralized exchange.

When the value of this metric increases, it means that investors are depositing a net amount of the asset’s tokens onto the platform. One of the main reasons holders transfer their coins to exchanges is for selling-related purposes, so such a trend can have a bearish impact on the cryptocurrency's price.