Binance’s Bitcoin reserves have surpassed 693,000 BTC, their highest level in nearly two years, with an increase of approximately 77,000 BTC since late April. This surge may indicate that more investors are transferring their BTC to the platform in anticipation of sales, although this does not constitute definitive confirmation of an imminent sell-off. Among the explanations are Binance’s SAFU fund, which plans to deploy $1 billion to secure around 15,000 BTC, as well as a rise in scams and hacks with losses exceeding $1.732 billion in 2026. Bitcoin’s price stood at $76,983.20 at press time, while BNB was trading around $712.97, testing the crucial $700 support level.
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