Binance Bitcoin Reserves Plummet as BTC Eyes $100,000 Milestone
Bitcoin's supply on the world's largest exchange just took a nosedive—and the price is gunning for six figures.
Reserves Run Dry
The numbers don't lie. Binance's Bitcoin holdings have seen a sharp, significant withdrawal. This isn't a trickle; it's a wave of coins moving off-exchange. When supply tightens on major platforms, the market mechanics shift. Fewer coins available for sale often means upward pressure on price. It's basic economics, but in crypto, the basics can get wild.
The $100,000 Horizon
All eyes are now fixed on that psychological barrier: $100,000. The reserve drop acts like rocket fuel for bullish narratives. Traders are watching the order books, analysts are updating their models, and the entire ecosystem is holding its breath. Reaching that price point isn't just a number—it's a symbolic victory that would cement Bitcoin's place in the financial mainstream, much to the chagrin of traditional bankers still waiting for it to 'go to zero.'
Market Mechanics in Motion
This isn't magic. Large-scale withdrawals signal accumulation. Whales, institutions, or just a collective of confident holders are pulling Bitcoin into cold storage. They're betting on higher prices, creating a self-fulfilling prophecy of scarcity. The market absorbs the move, volatility spikes, and the path of least resistance points north.
A classic setup unfolds: reduce the immediate sell-side supply, let demand catch up, and watch the charts react. Sometimes finance is less about complex derivatives and more about simple hoarding—just ask any central bank.
The stage is set. With exchange reserves thinning and a historic price target in sight, the next major move for Bitcoin is brewing. Whether it surges through $100,000 or faces resistance, one thing's clear: the market's never boring when the big players start moving their coins.
Bitcoin price today jumped beyond $93,000 after bullish sentiment grew across the crypto market. Recent data from on-chain analytics firm CryptoQuant shows that Bitcoin reserves on Binance continue to fall, even while the price climbs.
With less bitcoin available to sell, prominent crypto trader TED pillows predicts Bitcoin to surge towards $100K.
Why Binance’s Bitcoin Reserves Keep Falling
According to CryptoQuant, Bitcoin reserves on Binance are shrinking, even while BTC trades NEAR $93,000. At first glance, some traders worry that fewer coins on exchanges means people are preparing to sell. But in reality, this decline is usually seen during strong bullish phases.
One major reason is the rise of self-custody.
When prices go up, long-term believers and whales typically MOVE their Bitcoin into private cold wallets. This means they are not planning to sell anytime soon.
Why Binance’s Bitcoin Reserves Are Declining
“Historically, such conditions have supported medium- to long-term price appreciation. The current trend suggests that Binance’s reserve decline is a normal re-accumulation phase.” – By @xwinfinance pic.twitter.com/g3TCG4o6GD
Growing massive demand from Bitcoin Spot ETFs in the U.S., like BlackRock and Fidelity, have been buying a lot of Bitcoin for their ETF products. These coins are held by trusted custodians, not on exchanges like Binance.
As a result, more BTC is locked away, and less is available for trading, a strong sign of institutional adoption pushing supply lower.
Derivatives Reset and Regulatory Shifts
Another key factor is the recent crypto market volatility in late November, when many leveraged traders were liquidated. This reduced margin trading activity and decreased the number of BTC held on Binance for derivatives and trading positions. This effect is temporary, not a change in long-term market direction.
On top of that, Binance continues to tighten global compliance, causing some users to redistribute funds. But this is considered a normalisation phase, not a negative outflow.
BTC Price Outlook: Key Levels Ahead
Meanwhile, crypto trader Ted Pillows explains that Bitcoin’s sharp bounce above $91,000 has brought strong buying interest back into the market. Trading volume has climbed close to $86 billion, marking one of the most active days seen in several weeks.
As of now, Bitcoin is testing a very important resistance zone between $92,000 and $94,000. If Bitcoin manages to close above this level cleanly, momentum could accelerate fast and push BTC toward the next major target, the $100,000 mark.
Ted highlights $88,000–$89,000 as the nearest strong support area where buyers may step in again to stop a deeper correction.
