The decline in Binance reserves often indicates investor confidence. The recent drop under 570,000 BTC could suggest a bullish trend ahead, similar to the 90% price increase observed in March after similar declines.
Bitcoin’s current value stands at 98,680 USD, below the peak of 108,300 USD from December 17. Analysts predict a potential recovery as liquidity returns post-holiday, with Bitcoin’s market dominance at 58.40% suggesting shifts to other assets.
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