Bitcoin balances on Binance hit highest since November 2024: here's what it means

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin balances on Binance hit highest since November 2024: here's what it means Users' bitcoin holdings in wallets linked to Binance have climbed to highest since late 2024. By Omkar Godbole | Edited by Jamie Crawley Feb 23, 2026, 10:21 a.m. Make us preferred on Google What to know : Bitcoin holdings in wallets linked to Binance have climbed to about 676,835 BTC, a level last seen in November 2024 and up 9.3% from a recent low. Rising balances on the exchange are said to have bearish implications. A major crypto whale transferred about $760 million in bitcoin to Binance on Sunday, according to Arkham. The number of bitcoin BTC $ 66,507.42 held in wallets tied to the cryptocurrency exchange Binance continues to rise, according to data from CryptoQuant. The tally rose to 676,834.84 BTC ($44.53 billion) on Sunday, a level last seen in November 2024. That marks a 9.3% rise from the multi-month low of 618,782 in November. CoinDesk reached out to Binance for comment. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . Rising balances signal investor intent to sell or use coins as margin in derivatives trading, with both typically leading to increased price turbulence. BTC balance on Binance. (CryptoQuant) The weekend high likely stemmed from a renowned whale moving large amounts of BTC to Binance. Blockchain intelligence firm Arkham said Sunday that a crypto whale, possibly Garret Jin, operating on Hyperliquid's cross-chain asset tokenization and bridging infrastructure Hyperunit, transferred $760 million in bitcoin to Binance. The large transfer happened roughly six days after the entity moved half a billion dollars of ether to Binance. It is unclear whether the whale has since liquidated coins, but the possibility cannot be ruled out, as bitcoin fell from $67,600 to $64,400 during Asian hours early Monday. Since then, it has recovered slightly to trade around $65,850. Binance Bitcoin News More For You Ethereum founder Vitalik Buterin accelerates ether sales By Omkar Godbole | Edited by Oliver Knight 6 minutes ago The latest sales are part of a broader plan announced in late January to fund ecosystem development and other initiative. What to know : Ethereum co-founder Vitalik Buterin has sold 1,869 ether worth about $3.67 million over two days, pressuring an already weak market. The latest sales are part of a broader plan announced in late January to fund ecosystem development and other initiative. Read full story Latest Crypto News Ethereum founder Vitalik Buterin accelerates ether sales 6 minutes ago Bitdeer sold all its bitcoin to fund its move into AI data centers 23 minutes ago Circle Internet, crypto miners report earnings: Crypto Week Ahead 58 minutes ago AI bot's tipping blunder hands $450,000 memecoin pile to X sad story poster 4 hours ago $61 million bitcoin whale liquidated on HTX as sentiment back at 'extreme fear' 4 hours ago Bitcoin ETFs bleed $3.8 billion in historic five-week outflow streak 5 hours ago Top Stories Bitcoin slides 5%, tumbling below $65,000 as whale selling grows and recent buyers lock in losses 8 hours ago Small investors are buying bitcoin. For a rally to succeed, the whales need to join in. Feb 21, 2026 Blue Owl liquidity crisis has investors bracing for 2008-style fallout — it could mean bitcoin's next bull run Feb 21, 2026 Ethereum's Vitalik Buterin proposes AI 'stewards' to help reinvent DAO governance Feb 21, 2026 How AI is helping retail traders exploit prediction market 'glitches' to make easy money Feb 21, 2026 To freeze or not to freeze: Satoshi and the $440 billion in bitcoin threatened by quantum computing 18 hours ago In this article BTC BTC $ 66,507.42 ◢ 2.37 %