Binance's Bitcoin reserves have reached roughly 693,000 BTC, their highest level in two years and about 30% of the reserves held across major cryptocurrency exchanges. The balance has increased by about 77,000 BTC since late April, according to previously cited CryptoQuant contributor Darkfost. Bitcoin is trading below a dense concentration of long-term-holder supply between $83,000 and $85,000, while accumulation support has formed around $75,000. Binance had previously announced plans to allocate $1 billion to acquire about 15,000 BTC. Security considerations associated with the SAFU Fund and the Coldcard incident could also influence some holders' custody choices.