Binance Dominates with 23% of All Bitcoin Exchange Reserves Amid Market Surge

As Bitcoin experiences a significant rally, Binance cements its leadership by holding nearly a quarter of all BTC reserves on centralized exchanges. This development highlights the exchange’s growing influence in the cryptocurrency market.

Binance Holds 23% of All Bitcoin Reserves on Exchanges Amid Market Rally

Bitcoin surged more than 10% over the past week as market sentiment improved. Binance has solidified its position as the dominant custodian of Bitcoin, now holding 23% of all BTC reserves across centralized exchanges.

Since the 2020 market crash triggered by COVID-19, Binance has steadily increased its Bitcoin holdings while competitors have seen declines. The exchange’s reserves remain NEAR record highs despite outflows from other platforms, underscoring both user trust and liquidity concentration.

CryptoQuant analysts note Binance’s growing dominance raises questions about market centralization. The trend coincides with Bitcoin’s price rebound, suggesting institutional flows may be driving recent gains.

73% of Arbitrum Traders Take Long Positions Amid Market Correction

Arbitrum’s ARB token is defying broader market trends as on-chain data reveals a surge in investor confidence. Coinglass reports 73% of Binance’s top traders have taken long positions, while exchanges recorded a $1.55 million ARB outflow—a classic accumulation signal.

The token gained 1.25% on April 24th while most cryptocurrencies floundered, now hovering near $0.34. Leverage concentrations at $0.316 (downside) and $0.344 (upside) suggest traders are positioning for volatility. Market mechanics appear favorable: rising prices accompany increasing volume, confirming genuine demand rather than speculative pumps.

Bitcoin Whale Concludes Staking Cycle with $25 Million Loss

A significant Bitcoin holder finalized a month-long unstaking process by transferring 800 BTC worth $74 million back to Binance. The whale initially withdrew 2,000 BTC from the exchange in April 2024 when Bitcoin traded near $98,896, representing a $197.8 million investment.

The latest deposit marks the completion of a gradual sell-off that resulted in a $25 million loss. Blockchain data reveals the whale began unstaking and depositing Bitcoin in phases over the past month, timing the moves amid fluctuating market conditions.

DeXe Faces Retracement Amid Low Volume and Daily Unlocks

DeXe (DEXE) rallied 18% between April 15-22, testing the $15.75 resistance before a sharp reversal wiped out most gains. The governance token now eyes a potential retracement to $10.92, raising questions about buying opportunities.

Despite its $1.13B market cap, DeXe’s daily $300k token unlocks and thin trading volume—just 177k DEXE ($2.4M) on Binance versus Ethereum’s 593.93k ETH—highlight liquidity concerns. Long-term technical structure remains bullish, but the protocol’s micro-unlocks (0.02% of 96.5M supply daily) create persistent sell pressure.