Binance Reserves Soar as Futures Contracts Drive Bitcoin Dynamics

Glassnode analysts say Bitcoin's seller activity is decreasing, but there are no signs of a market bottom yet. The 30-day Seller Exhaustion Constant indicator hasn't formed its historical signal for the end of the down phase.

The reserves on Binance have reached a six-month high at approximately 667,500 BTC as of August 2026, up from 616,000 in April this year. This increase indicates a rise in liquidity on the exchange and could lead to increased selling pressure if investors decide to liquidate their assets.

CryptoQuant CEO Ki Young Ju believes that the current movement of Bitcoin is driven by futures contracts, with an increase in open interest in the futures market while demand in the spot market remains low. He emphasizes that consolidated support from both the spot and futures segments is necessary for sustainable price growth.