Binance Bitcoin Reserves Hit New Peak at 677,000 BTC

Significant Increase in Binance Reserves Bitcoin (BTC) holdings in wallets associated with the cryptocurrency exchange Binance have shown a significant increase, according to data from CryptoQuant.
As of Sunday, the total balance rose to 676,834.84 BTC, valued at approximately $44.53 billion, marking the highest point recorded since November 2024.
This figure represents a 9.3% increase from the low of 618,782 BTC seen in November.
The growth in reserves indicates an increase in liquidity concentration on the exchange.
Large Whale Activity According to data from blockchain analytics firm Arkham, one of the primary reasons behind this surge was a series of transfers by a major investor.
A crypto whale, believed to be linked to the Hyperunit platform, reportedly transferred approximately $760 million worth of Bitcoin to Binance on Sunday.
The same investor was also noted to have transferred $500 million worth of Ether to the exchange about a week ago.
Inflows of this scale are typically among the factors that influence market depth and potential selling pressure.
Market Impact Increases in exchange assets can create selling pressure in the market, as they often indicate that investors intend to sell or use assets as collateral in derivative transactions.
Following the news, the price of Bitcoin dropped from $67,600 to $64,400 during Asian trading sessions before showing a partial recovery toward the $66,000 level.
The Crypto Fear and Greed Index, which measures general sentiment in the cryptocurrency market, remained in the "extreme fear" zone for the seventh consecutive day, falling to a level of 6.
During this period, crypto-focused stocks such as Coinbase and MARA also lost approximately 2% in value.