Binance Bitcoin Reserves Increase to 579,000 BTC Amid Price Correction
Bitcoin (BTC) reached a new all-time high (ATH) of $124,474 on Binance before stabilizing around $118,000. Increased BTC reserves on Binance have raised concerns about a possible price correction.
Bitcoin Reserves Spike On Binance
- Binance's BTC reserves rose sharply, reversing a previous downtrend to 579,000 BTC.
- Reserves previously declined by 50,000 to 60,000 BTC (9% to 10%) from late 2024 to July 2025 but recently increased by 25,000 to 30,000 BTC (5% to 6%).
- Current reserves remain below late 2024 peaks, indicating ongoing structural scarcity.
- Reasons for the reserve increase include profit-taking and liquidity boosts as demand rises.
- If reserve increases continue with high funding rates and rising open interest, a short-term correction may occur.
BTC Rally Losing Momentum?
- BTC trading at $118,000 suggests a potential short-term correction.
- Rising exchange reserves indicate increased selling pressure from whales.
- Some analysts believe severe price corrections are unlikely due to current market structure.
- At press time, BTC is down 0.8% in the past 24 hours, trading at $118,464.
