Binance Bitcoin Reserves Drop Below 570,000 BTC, Lowest Since January 2024 Before 90% Surge in March

Bitcoin reserves on Binance have dropped to levels not seen since January 2024, falling below 570,000 BTC.

This marks the lowest reserve level for the exchange since that month, which was just before Bitcoin's price surged by 90% in March 2024.

Analysts are speculating whether this decline in reserves could indicate a potential buildup leading to another breakout, or if the market dynamics have shifted. The recent decrease in reserves has prompted increased attention from traders and analysts monitoring the situation closely.

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