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Binance holds 693,000 BTC, highest in 2 years, signaling potential market moves amid Bitcoin price near $80K.

Market News
12 Sep 2026
Cointribune
View Source
Neutral
Binance holds 693,000 BTC, highest in 2 years, signaling potential market moves amid Bitcoin price near $80K.

Binance now holds over 693,000 bitcoins, the largest amount in two years, representing about 30% of bitcoins on major platforms. This balance grew by 77,000 BTC since late April, amid Bitcoin struggling to stay above $80,000. While this could indicate potential sales, analysts suggest some BTC may be held for security or future selling opportunities, especially after recent security concerns. Market watchers will focus on Bitcoin's price movement between $83,000 and $86,000 for clearer signals on selling pressure.

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Five tokens hit all-time highs while 14 tokens hit all-time lows on Oct 24, 2026, amid major asset declines.

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