Binance bitcoin reserves hit 676,834 BTC after 760M whale transfer
Binance-linked wallets now hold about 676,835 bitcoin, up 9.3% from November lows, while a single whale moved roughly $760 million in BTC to the exchange. Bitcoin briefly dropped during Asian trading before partially recovering later in the day.
Binance wallets reach four-month bitcoin high
Wallets linked to cryptocurrency exchange Binance now hold 676,834.84 bitcoin, according to on-chain analytics platform CryptoQuant. This level is the highest since November 2024 and equals roughly 44.53 billion dollars at recent prices. The balance increased from a multi-month low of 618,782 bitcoin reached in November 2024. This change represents a rise of about 9.3 percent in Binance-linked bitcoin holdings over that period.
“According to data from on-chain analytics platform CryptoQuant, the Bitcoin balance associated with Binance exchange wallets rose to 676,834.84 BTC (about $44.53 billion), the highest level since November 2024, up about 9.3% from the multi-month low of 618,782 BTC last November.” — Unnamed reporter, Reporter, 深潮 TechFlow
Large whale transfer adds to reserve jump
An identified large holder, often called a whale, sent around 760 million dollars worth of bitcoin to Binance in a single move. Reports link this transfer to an entity referred to as HyperUnit and associate it with an individual named Garrett Jin, though that linkage is not fully confirmed. The same cluster of addresses sent about 500 million dollars worth of ether, the native token of the Ethereum network, to Binance roughly six days earlier. These flows add a significant amount of bitcoin and ether to the exchange’s available balances in a short time frame.
Price reaction during Asian trading session
During Monday’s Asian trading hours, the price of bitcoin fell from about 67,600 dollars to around 64,400 dollars. Later the same day, the price recovered part of the loss and traded near 65,850 dollars. This intraday move was reported alongside coverage of rising Binance bitcoin reserves and the large whale deposit. Market commentary highlighted the combination of higher exchange balances and sharp price swings within a single trading session.
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