According to the source, Binance BTC reserves reportedly fell by about 8,181 BTC since October 1. Source: source report. The separate claim that Binance still holds over 12 million BTC conflicts with Bitcoin’s fixed 21 million supply cap and with Binance Proof of Reserves and independent on-chain dashboards that have historically shown sub-1 million BTC at the exchange, so this number requires independent verification before being used in trading decisions. Sources: Bitcoin whitepaper; Binance Proof of Reserves; Glassnode on-chain data. If validated, a net 8,181 BTC outflow would reduce exchange-held supply and is historically associated with tighter sell-side liquidity and firmer spot conditions in risk-on regimes, though outcomes depend on broader flows and derivatives positioning. Sources: Glassnode research on exchange balances; CryptoQuant exchange netflow studies. Actionable steps: confirm Binance holdings and netflows via on-chain analytics and the exchange’s Proof of Reserves, track BTC funding rates and term basis for liquidity shifts, and compare Binance spot to cross-venue prices for flow signals before positioning. Sources: Binance Proof of Reserves; Glassnode; CryptoQuant.

According to Crypto Rover, the largest Bitcoin holders in 2025 include Satoshi Nakamoto with 1.1 million BTC ($114 billion), Coinbase with 983,000 BTC ($103 billion), Binance holding 619,000 BTC ($65 billion), and major institutional players like BlackRock, Fidelity, Grayscale, and the U.S. Government collectively controlling hundreds of thousands of BTC. This concentration of Bitcoin in a few hands, especially among leading exchanges and asset managers, signals significant price influence and potential volatility for traders. The data highlights the importance of monitoring these entities for large transactions, as sudden movements from these wallets can trigger rapid market reactions and drive short-term trading opportunities. (Source: Crypto Rover, Twitter, June 1, 2025)