Binance Bitcoin Balances Soar to $44.5 Billion

Bitcoin's balance on Binance has hit a significant milestone, reaching $44.5 billion according to data from CryptoQuant. This figure represents a 9.3% increase from a recent multi-month low and returns exchange reserves to levels last seen in November 2024.

The rising exchange balances are often interpreted as a warning sign for spot markets, suggesting that coins are being moved onto trading venues where they can be sold or used as collateral. Market participants closely monitor exchange inflows as they can precede higher volatility and potentially lead to increased short-term supply pressure.