A Recent Warning Sign Regarding Binance Bitcoin Reserves
Since April, when the total stood at ~616K, Binance Bitcoin reserves have experienced a significant surge. The platform now holds ~667,500 BTC, reaching the highest volume we have seen since February.
This growing inventory requires careful attention. If the exchange-side supply continues its upward trajectory during a period when $BTC is weakening, it might easily act as a serious catalyst for selling pressure in the market.
I will share a deeper explanation of exactly what this entails a little later.
Since April, when the total stood at ~616K, Binance Bitcoin reserves have experienced a significant surge. The platform now holds ~667,500 BTC, reaching the highest volume we have seen since February.
This growing inventory requires careful attention. If the exchange-side supply continues its upward trajectory during a period when $BTC is weakening, it might easily act as a serious catalyst for selling pressure in the market.
I will share a deeper explanation of exactly what this entails a little later.