Bitcoin (BTC) reserves on Binance are declining at a dramatic rate, dropping from nearly 595,000 BTC to some 572,000 BTC between November 22 and December 3, according to new on-chain data Finbold retrieved from market statistics platform CryptoQuant.
While alarming at first glance, the data is not necessarily a bearish signal. Rather, it reflects structural factors consistent with a healthy bullish cycle.
Namely, analysts argue that the chief suspect behind the falling numbers is the shift toward self-custody. That is, as the market strengthens, long-term investors and whales are moving “digital gold” from exchanges to cold wallets.
This not only reduces potential selling pressure but also signals confidence rather than fear, as the behavior is typical of robust markets.
Bitcoin reserves on Binance. Source: CryptoQuant
Why Bitcoin reserves are falling
A good chunk of the vanishing supply can simply be ascribed to spot Bitcoin ETFs drawing the asset in: movers such as B
We współpracy z: https://finbold.com/binance-bitcoin-reserves-fall-sharply/
