Bitcoin has performed strongly below expectations in October, with total monthly gains now estimated at around 1.54%. Following a bullish start, which established a new all-time high at $126,000, the premier cryptocurrency experienced a heavy correction mid-month, resulting in present price levels around $111,400. Amid these developments, crypto analyst Amr Taha has noted a recent shift on the Binance network, with potentially bullish implications for market participants.
Taha points out that the Bitcoin exchange reserves on Binance have seen a significant decline, with the current reading approaching 610,000 BTC, a level last reached in July, and also one of the lowest levels seen last year. While Bitcoin’s exchange reserves have steadily declined throughout 2025, the analyst remarks that the most recent decline looks “extremely aggressive,” implicitly suggesting the possibility of an imminent radical change.
One possible effect of this drastic drop in exchange reserve is a supply shock, i.e., a sudden drop in the available supply of an asset. This abrupt shrinkage in selling supply also increases the market’s fragility to the upside, with increasing demand serving as fuel to bolster major upswings.
At the time of writing, Bitcoin is worth approximately $111,613, reflecting no significant movement in the past day.
