Binance Bitcoin Reserves Reach Two Year High

Binance is seeing a massive influx of Bitcoin. The exchange now holds more than 693,000 BTC in its reserves, marking the highest volume seen in two years. This stash accounts for nearly 30 percent of all Bitcoin currently held across major crypto exchanges.

This buildup comes at a tense time for the market. Bitcoin is currently struggling to break through the 85,000 dollar price mark. There is heavy selling pressure coming from long term holders who are looking to take profits at these levels.

The large supply held on Binance suggests that traders are prepared for a move. Market participants are watching closely to see if the price can finally push past this wall. If Bitcoin clears this resistance, it could signal a new phase of growth for the entire market.