Binance Reserves Hit 693,000 BTC as Bitcoin's Price Faces $85K Wall
Binances bitcoin reserves have climbed above 693,000 BTC, their highest level in two years and about 30% of reserves held across major exchanges. The buildup arrives as bitcoin struggles below heavy long-term holder supply, making the next price move unusually important. Key TakeawaysBinance bitcoin reserves topped 693,000 BTC, up about 77,000 since late April.The buildup raises sell-side risk as bitcoin struggles beneath the $83K-$85K supply wall.BTC must hold $75K or break $85K to show demand can absorb Binances added liquidity. Binance Controls 30% of Bitcoin on Exchanges Bitcoin is facing a fresh test from the place traders watch most closely for potential selling: exchanges. Binance now holds more than 693,000 BTC, according to onchain analyst Darkfost, after reserves increased by roughly 77,000 BTC since late April. The exchange accounts for about 30% of bitcoin reserves across major trading platforms. That does not mean 693,000 coins are about to hit the market. But the direction matters. Rising exchange balances can signal that more bitcoin is becoming readily available for trading or sale, particularly after rallies. With BTC already struggling beneath resistance, the timing is difficult to ignore. Source: CryptoquantWhy Binances 77,000 BTC Increase Matters Several forces may be contributing to the rise. Some investors appear to have transferred bitcoin to









