The depletion of bitcoin stocks on the Binance cryptocurrency exchange indicates an imminent resumption of the bullish rally.
An analyst known by the pseudonym Darkfost reported that the amount of BTC on Binance's balance has been declining since August and eventually dropped to January lows. Currently, about 579,000 bitcoins worth $56.9 billion are stored on the trading platform at the current exchange rate.
The change in the price of bitcoin (white line), the BTC stock on Binance (purple) and the 50-day moving average (purple dotted line).
The depletion of bitcoin reserves on Binance speaks to investors' confidence in the long-term potential of BTC. Therefore, they prefer to withdraw coins from the trading platform instead of storing them there for sale in the near future.
This behavior of traders often serves as a signal that an upward trend is forming in the market," Darkfost wrote. 
I hope that's the case. What do you think?