Binance USD (BUSD) Exchange Reserves Dry Up, Reason Behind Bitcoin’s Slowdown?

On-chain data shows the Binance USD (BUSD) exchange reserves have declined recently, a factor that may be behind Bitcoin’s slowdown.
Binance USD (BUSD) Exchange Reserves Have Gone Down
As pointed out by an analyst in a CryptoQuant post, there was a very large inflow of $250 million BUSD just a while ago. The “exchange reserve” is an indicator that measures the total amount of a cryptocurrency (which, in the present case, is Binance USD) currently being stored on wallets of cent