Binance's multi-asset reserves show a sharp divergence ahead of this week's Federal Reserve decision.

Bitcoin reserves jumped to roughly 690,000 BTC on August 13, about 3% above the February 22 peak near 670,000 BTC and only around 2% below the 704,000 BTC level seen in August 2024.

That historical comparison matters.

A rise in Binance Bitcoin reserves is not necessarily bearish.

In August 2024, reserves reached about 704,000 BTC while Bitcoin traded near $59,000.

Despite that elevated reserve level, BTC later climbed above $120,000 by October 2025, showing that high exchange reserves alone do not necessarily represent a threat to price.

BTC is now near $76,800, roughly 30% above the comparable August 2024 price despite reserves returning to a similar historical zone.

Ethereum shows an even clearer divergence.

Binance holds about 3.616 million ETH, almost unchanged from 3.63 million ETH on June 9, while ETH has risen from about $1,625 to $2,500 — nearly 54%.

Stablecoin balances also remain elevated.

USDT reserves are near $38 billion, while USDC has recovered to about $5.2 billion from $4.11 billion on August 5, a rise of roughly 26.5%.

Ahead of the September 15–16 FOMC meeting, BTC reserves are near historical highs while price is 30% above its comparable 2024 level, ETH is 54% higher with reserves nearly flat, and USDT-USDC reserves remain above $43 billion.

Exchange reserves are best read alongside price and liquidity, not as a standalone directional signal.

Written by Amr Taha