Binance’s reserve ratio, the amount of bitcoin held against stablecoin balances, has fallen to its lowest point since 2018. This historical pattern signals a potential price surge for Bitcoin, according to analysts who point to similar patterns in previous bull runs. 2018 saw a record low in Binance’s reserve ratio before an explosive rally in price. This time around, the exchange is experiencing extreme buy activity and record withdrawals. A combination of depleted reserves and high exchange outflows indicates a strong supply-demand imbalance that could fuel a sharp price spike. Binance’s Bitcoin holdings have also shrunk significantly over the past six months, fueling this potential for a rally. 2018-style lows in Binance’s reserve ratio are being observed again, with a similar setup potentially leading to explosive rallies. This is evident by strong Bitcoin exchange outflows and long-term holder supply at its all-time high. 2018 saw similar behavior, followed by significant bitcoin price increases. Traders who ignored this signal have paid dearly, but those who acted on it achieved significant gains. However, market risks remain as events such as a hawkish Fed pivot or black swan events could delay a potential price surge. The data suggests that the next leg higher in Bitcoin’s price could be historic, with the supply-demand dynamic indicating a clear direction.