Binance's Bitcoin reserves rise to 693,000 BTC, accounting for about 30% of major trading platforms' reserves

Odaily News: Cryptocurrency trading platform Binance's Bitcoin reserves have exceeded 693,000 BTC, an increase of about 77,000 BTC since late April, accounting for approximately 30% of the total Bitcoin reserves on major trading platforms.

Bitcoin is currently below the dense long-term holder supply zone of $83,000 to $85,000, with new accumulation support forming near $75,000. If this support is lost, the next level of focus is $75,000.

Binance previously announced plans to invest $1 billion to allocate approximately 15,000 BTC. The SAFU fund and security factors related to the Coldcard incident may also affect some holders' custody choices. (Bitcoin.com News)