Binance's Bitcoin reserves fall below 570,000! A new low for 2024, will the 90% surge miracle happen again?
Data shows that Binance's Bitcoin reserves have recently fallen below 570,000, reaching the lowest level since January this year. When exchange reserves decrease, it typically indicates that investors are moving Bitcoin to cold wallets, indicating confidence in its long-term price trend.
It is noteworthy that Binance's Bitcoin reserves also dropped to similar levels in January, and two months later, on March 13, the price of Bitcoin surged 90% to $73,679, setting a new high at that time. If Bitcoin follows the same pattern again, it could potentially reach $187,500 in a few months based on current prices.
Analysts point out that when a peak withdrawal period occurs, it is often a sign that the market is accumulating positive momentum.
#Marvin Musk's dog-named token, with a strong IP, was mentioned again by Musk this Christmas (all three pets were on camera). It also has a strong community, market makers, and institutions behind it, with a current market cap of only ten million. Compared to other Musk-related dogs, it could still yield at least a hundredfold profit!