Binance’s Bitcoin reserves have climbed above 693,000 BTC, a two-year high and about 30% of BTC held by major exchanges, according to Darkfost. Reserves have increased by 77,000 BTC since late April. The rise may reflect investors moving Bitcoin to exchanges to sell after recent rallies. Other factors include SAFU’s plan to invest $1 billion to acquire around 15,000 BTC and transfers following the ColdCard incident. The growing exchange reserves could increase potential selling pressure on Bitcoin.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Dominic Williams, the founder of DFINITY Foundation (organization behind Internet Computer or ICP), has continued…
Lead peer-to-peer AI network Bittensor (TAO) has been caught in the wider market downturn, sliding…
Oil prices climbed 4% above $113 a barrel as tensions between the United States and…
Well-known blockchain investigator ZachXBT has told users of Indian crypto exchange CoinDCX to withdraw their…
Celestia (TIA) has a fresh catalyst as Fibre goes live on mainnet, marking what’s described…
Ripple, a blockchain payment solution, has partnered with Swiss-regulated payment platform Arf to bring RLUSD-powered…
