On-Chain Data Shows Over 51,000 Bitcoin Withdrawn From Binance Since Mid-April - Overpasses For America

On-Chain Data Shows Over 51,000 Bitcoin Withdrawn From Binance Since Mid-April - Overpasses For America

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On-Chain Data Shows Over 51,000 Bitcoin Withdrawn From Binance Since Mid-April

Bitcoin’s recent recovery has encountered resistance as the asset remains range-bound between $93,000 and $97,000. After briefly climbing late last month, Bitcoin has struggled to maintain upward momentum since then. At the time of writing, BTC is trading at approximately $94,305, reflecting a modest 1.3% decline over the past day. While price action has slowed, activity on the backend of the market suggests underlying shifts in investor behavio…

Bitcoin Bullish Signal: Investors Withdraw Big From Binance

On-chain data shows the Bitcoin Exchange Reserve for the Binance platform has plummeted recently, a sign that could be bullish for BTC’s price. Bitcoin Binance Exchange Reserve Has Crashed Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin Exchange Reserve for Binance has seen a large decline since mid-April. The “Exchange Reserve” here refers to an indicator that keeps track of the total amount of BTC that’s sitt…