[BTC Balance on Trading Platforms Drops to 2.936 Million, Setting a New Low for This Cycle] On-chain data analyst Murphy stated that the BTC balance on trading platforms has dropped to just 2.936 million, marking a new low for this cycle. The last time this level was reached was on December 17, 2022. The BTC balance on the Binance platform has been steadily declining recently. Whale groups with holdings valued at over $1 million and $10 million primarily withdraw BTC to on-chain wallets, while retail investors with holdings under $100,000 tend to deposit BTC onto trading platforms. Analysts believe the rebound following BTC's drop from $80,000 is not yet over.