Data: Binance Bitcoin reserves rose to 693,000, reaching a two-year high, with supply pressure increasing in the range of $83,000 to $85,000
According to monitoring by Lookonchain, Binance's Bitcoin reserves have risen to 693,000 coins, reaching a two-year high, an increase of about 77,000 coins since the end of April, accounting for approximately 30% of the total Bitcoin reserves on major trading platforms.
As the reserve continues to climb, Bitcoin faces strong supply pressure in the range of $83,000 to $85,000.
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