[Binance Bitcoin Reserves Rise to 693,000, Reaching a Two-Year High, Increasing Supply Pressure in the $83,000-$85,000 Range] According to monitoring by Lookonchain, Binance's Bitcoin reserves have risen to 693,000, reaching a two-year high, an increase of approximately 77,000 since the end of April, accounting for about 30% of the total Bitcoin reserves on major trading platforms. As reserve levels continue to climb, Bitcoin faces significant supply pressure in the $83,000 to $85,000 range.