Data tracked by glassnode shows the amount of bitcoin ($BTC) held on Binance has risen by 52,000 $BTC in four weeks, taking the tally to a record high of 692,880 $BTC. By godbole17.
of their coins. In three weeks before Dec. 19, the number of bitcoin held on Binance fell by nearly 88,000 BTC to 580,357 BTC.
"Large amounts of Bitcoin being moved onto exchanges generally means that those are ready to be sold," Thielen told CoinDesk. Bitcoin changed hands at $29,315 at press time, representing a 0.5% drop on the day, according to CoinDesk data. The leading cryptocurrency has rallied 77% this year and recent hit highs above $31,000.
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