Bitcoin News: The exchange stock surged despite the market boom

Despite continuing speculation in the market for bitcoin, there has been a surge in the exchange's Bitcoin reserves. At present, Bitcoin reserves on Binance amount to 670,759, the highest level since November 2024. Despite a significant recovery in the overall encrypted market and a shift in market sentiment, investors are still concerned about changes in exchange reserves. Data show that within the past 24 hours, whales have sold around $2.027 million and $5.25 million bitcoin, respectively, in the spot markets of Binance and OkX, indicating a short-term profitability. Meanwhile, Coinbase still recorded a net purchase of $12.65 million. Nonetheless, the overall spot flow tends to be profitable, and the derivatives market shows that whales are making large-scale air bets。