Recent data from CryptoQuant indicates a shift in Bitcoin trader behavior, with investors turning increasingly towards holding their holdings as Binance netflows have turned sharply negative. This suggests a decline in selling pressure and an increase in conviction for long-term investment. The trend echoes a period of significant accumulation seen during early October’s volatility when traders sought refuge in exchanges amidst fears of further price corrections. Current withdrawal trends, coinciding with Bitcoin’s rebound toward $110,000, reinforce the notion that recent declines were met with strong buying demand, contributing to investors’ decision to hold rather than sell.