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Binance's bitcoin reserves hit 693,000 BTC amid Bitcoin's struggle below $85K resistance.

Market News
11 Sep 2026
Bitcoin
View Source
Neutral
Binance's bitcoin reserves hit 693,000 BTC amid Bitcoin's struggle below $85K resistance.

Binance's bitcoin reserves have risen to over 693,000 BTC, the highest in two years and about 30% of all major exchange reserves. This increase of roughly 77,000 BTC since April raises potential sell-side pressure as Bitcoin faces a strong resistance zone between $83,000 and $85,000, where long-term holders may sell. Bitcoin must hold above $75,000 or break through $85,000 to show demand can absorb this added liquidity. The situation is critical as rising exchange reserves could signal more coins becoming available for sale, but actual selling depends on market absorption of this supply.

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