tl;dr
Bitcoin has risen over 10% in the past week, with Binance increasing its share of BTC reserves to 23% among centralized exchanges, solidifying its dominance. Since the 2020 market crash, Binance's BTC holdings have steadily grown while competitors’ reserves declined. This growing dominance raises co...
Bitcoin price has risen over 10% in the past week, with Binance increasing its share of BTC reserves to 23%, reinforcing its dominance in Bitcoin custody.
Binance’s growing BTC reserves highlight increased user trust and liquidity concentration but raise concerns about centralization and market influence.
Whale and institutional buying are driving the current market rebound, with Binance recording its highest taker buy/sell ratio and net taker volume in weeks, signaling potential bullish momentum ahead.
Bitcoin has risen over 10% in the past week, with Binance increasing its share of BTC reserves to 23% among centralized exchanges, solidifying its dominance.
Since the 2020 market crash, Binance's BTC holdings have steadily grown while competitors’ reserves declined.
This growing dominance raises concerns about centralization and market influence.
Increased whale and institutional buying on Binance is driving the current market rebound, with taker buy/sell ratios rising and buyer momentum strong.
Bitcoin recently hit a monthly high of $94,500 amid improving macroeconomic conditions.
Analysts see these trends as signals of potential continued bullishness despite subdued retail interest.
Amidst improving sentiment, one exchange in particular is seeing an increase in its share of BTC reserves.
Binance has reaffirmed its place as the dominant force in Bitcoin custody.
According to the latest data, Binance currently holds 23% of all BTC reserves across centralized exchanges.
Since the 2020 market crash caused by the COVID-19 pandemic, Binance has steadily increased the BTC held on its platform, while competitors have seen declining holdings.
Despite ongoing BTC outflows from other exchanges, Binance’s reserves remain significantly high, highlighting both user trust and liquidity concentration.
A CryptoQuant analyst cautioned that this growing dominance raises important questions about centralization and Binance’s influence on market flows.
“This growing dominance may signal: Increased user trust in Binance, liquidity > centralization, potential influence over market flows. Tracking this metric helps us understand where the capital is flowing and who’s really in control of the game.”
Zooming out, an influx of whale activity and institutional buying is fueling the current market rebound.
Over the past month, Binance’s taker buy/sell ratio rose by nearly 19%, with a 7-day gain of 6.2%, depicting confident buyers willing to pay market prices to establish positions.
Such behavior reflects strong conviction and is commonly associated with institutional or strategic traders.
Bitcoin’s price recently reached a monthly high of $94,500 amid improving macroeconomic conditions.
Binance, as the world’s largest crypto exchange, appears to be leading the charge, as evidenced by its taker activity.
With a net taker volume nearing $62 million, the platform has recorded its highest levels in weeks, meaning buyer-led momentum is in control.
As retail interest remains subdued, analysts view these aggressive orders as a key market signal, suggesting a potential bullish continuation in the coming weeks.