Binance Bitcoin Reserves Hit Highest Level Since 2024, Raising Concerns Over Potential Selling Pressure

Bitcoin reserves on exchanges reflect the supply immediately available for sale, making them an important gauge of selling pressure and investors’ willingness to hold. Reserves at major exchanges including Binance, OKX and Gemini have now fallen to their lowest levels since 2023, indicating that more holdings are moving into private wallets and reducing liquid supply in the near term.

Nearly 100,000 BTC flowed out of major exchanges over the past three months, valued in the report at about $8 billion. Holdings in accumulation addresses rose by more than 60% over the same period. Exchange reserves had reached a two-year low as of the latest tally, suggesting a stronger investor preference for long-term holding, although tighter supply could also amplify price volatility.

The amount of Bitcoin held on centralized exchanges is often viewed as an indicator of potential selling pressure. Holders who transfer assets to trading platforms are generally more likely to be preparing to sell than those moving them to cold wallets. Changes in balances at Binance, one of the world’s largest cryptocurrency exchanges, are therefore closely watched and shape investors’ assessments of near-term prices and liquidity.

The latest data showed Binance’s Bitcoin balance had risen to about 676,000 BTC, its highest level since November 2024. A whale also recently transferred about $760 million worth of Bitcoin to Binance, adding to concerns about mounting selling pressure. Analysts warned that Bitcoin could fall below $65,400, though inflows to an exchange do not mean the assets have actually been sold.