Binance Bitcoin Reserves Drop to Historic Lows – Is a 90% Rally Near?
Bitcoin reserves on Binance, the largest digital asset exchange globally, have plummeted to levels not observed since January 2024. Historical patterns indicate that a significant drop in Binance’s BTC reserves often precedes a dramatic price increase. For instance, following a similar decrease two months prior, Bitcoin experienced an impressive rally of 90% in March. As investors watch this space closely, they wonder: will history repeat itself? Experts suggest that reduced supply on exchanges, like Binance, could drive prices upward as demand remains strong. This situation emphasizes the importance of monitoring Binance’s reserves, as it can serve as a key indicator for potential market movements.
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