👉 If BTC continues to flow into Binance while buying pressure is weak, sell pressure could become a “bomb” for the BTC price. Conversely, if the money flow reverses and BTC is withdrawn from the exchange, the story would be more positive.
📊 Data shared by Darkfost shows that the amount of BTC on Binance has risen to over 693,000 BTC—its highest level in about 2 years—and makes up nearly 30% of the BTC holdings of major exchanges.
📈 Compared with the end of April, this BTC amount is up by around 77,000 BTC. BTC flowing onto exchanges is often viewed as potential sell-side supply, although it does not necessarily mean these BTC will definitely be sold. Recent data also indicates that Binance’s reserves remain at high levels near the 2026 peak.
💰 Some of the volatility may relate to Binance transferring 15,000 BTC worth about $1 billion into SAFU in February. SAFU is a fund that protects users’ assets, and Binance has completed the conversion of SAFU reserves into BTC.
🧠 Notable point: A large amount of BTC on exchanges is not a definite signal that BTC is about to drop, but it does create potential supply. If BTC inflows continue rising while buying demand isn’t strong enough, price pressure could increase.
👉 693K BTC on Binance — the market will need sufficiently strong buying demand to absorb this supply.