Bitcoin surged by 9.01% in a week, reaching $103,276, nearing its January peak.
Over 3,000 BTC were withdrawn from Binance, hinting at increased investor holdings.
Binance's BTC reserves dropped significantly from 595,000 BTC in February to 541,400 BTC in mid-May, indicating a trend of moving assets off exchanges.
The rise in Bitcoin price is supported by macroeconomic factors such as improved U.S.-China trade relations, with the Fear & Greed Index signaling cautious optimism among investors.