Binance Bitcoin Reserves Plummet to Two-Year Low

Bitcoin reserves on Binance have reached a two-year low, reflecting a shift in investor behavior towards holding onto their coins rather than selling them at current prices. According to data from CryptoQuant, the exchange's Bitcoin reserves have dropped to approximately 619,000 BTC, their lowest level since October 2025.

The decline in reserves is part of a steady trend that began after Binance's Bitcoin reserves reached their highest point in February 2026. This increase was associated with a strong market rally and suggested that more investors were moving coins to exchanges to sell or lock in profits as prices moved higher. Since then, reserves have been steadily decreasing, indicating a change in investor behavior.

At the same time, spot Bitcoin ETFs have seen significant accumulation, with holdings rising by 25,600 BTC last week. This increase has brought ETF balances close to levels last seen in November and marked one of the strongest weekly additions in recent months. The combined trend of lower Binance reserves and rising ETF balances suggests that Bitcoin supply is moving away from exchanges and into longer-term investment vehicles.