[Binance BTC Reserves Rise to 693,000, Reaching a Two-Year High, Bitcoin Faces $85,000 Resistance Level] BlockBeats News, September 12, 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 Bitcoin reserves on major trading platforms. As reserves increase rapidly, Bitcoin is facing strong supply pressure around the $83,000 to $85,000 range. The rise in BTC balances on trading platforms indicates that more Bitcoin is available for trading or selling at any time, but it does not necessarily mean these holdings will be sold immediately. The market is also paying attention to the support level below. If BTC fails to hold the $75,000 level, the risk of selling pressure may further increase; if it can break through $85,000 with high volume, it would indicate that market demand is capable of absorbing the additional liquidity from trading platforms. [Original Link]