Binance's Bitcoin holdings reached a two-year peak of 693,000 BTC, though analysts caution that this increase reflects internal transfers and custody shifts rather than imminent selling pressure.
Binance's Bitcoin reserves hit a two-year high, but Santiment argues exchange balances were not predictive of price moves, suggesting the increase may not signal selling pressure.
Binance's Bitcoin reserves have climbed to a two-year high of 693,000 BTC, representing 30% of total exchange-held supply. While rising exchange balances are traditionally viewed as a bearish signal for selling pressure, analysts at Santiment suggest the metric failed to predict price movements throughout the summer, noting that inflows are likely driven by SAFU fund allocations and security-related custody shifts.
Not necessarily. While historically interpreted as a sign of potential selling pressure, recent data shows that inflows can be driven by custody consolidation, internal wallet transfers, or institutional insurance allocations rather than intent to sell.