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Binance's Bitcoin reserves rise 5.1% while stablecoin holdings drop $3.87B, pressuring Bitcoin below $71K.

Market News
01 Jun 2026
Blockonomi
View Source
Bearish
Binance's Bitcoin reserves rise 5.1% while stablecoin holdings drop $3.87B, pressuring Bitcoin below $71K.

Between late April and early June 2026, Binance's Bitcoin reserves increased by 5.1%, from 617,000 BTC to 648,600 BTC, and Ethereum holdings rose 10.4%. Meanwhile, stablecoin reserves (USDT and USDC) fell by $3.87 billion, reducing the exchange's immediate buying power. This shift in reserve composition coincided with Bitcoin's price dropping below $71,000, indicating a structural liquidity change within Binance that may affect market dynamics and price support going forward.

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