A certain exchange’s bitcoin reserves have risen to 693,000, accounting for about 30% of the major trading platforms' reserves.
According to Odaily, a certain cryptocurrency exchange's Bitcoin reserves have now exceeded 693,000 BTC, an increase of about 77,000 BTC since late April, accounting for approximately 30% of major exchanges' total Bitcoin reserves.
Bitcoin is currently positioned below the dense long-term holder supply zone of $83,000 to $85,000, with a new accumulation support forming around $75,000. If this support is lost, the next level to watch is $75,000.
The exchange previously announced plans to allocate $1 billion to purchase around 15,000 BTC. Security factors related to the SAFU fund and the Coldcard incident may also influence some holders' custody decisions. (Bitcoin.com News)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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