Le riserve di Bitcoin su Binance Diminuiscono

Bitcoin has shown some strength in the last few hours, surpassing the $93,000 threshold thanks to an increase in purchases across the entire cryptocurrency sector. Despite the price rise, Bitcoin reserves held on Binance are declining, according to on-chain data. This decline in supply on one of the main international exchanges is among the factors that operators indicate as responsible for the reduction in coins actually available for sale.

Binance Reserves Shrinking

According to an analysis by CryptoQuant, Bitcoin reserves on Binance continue to decline as an increasing share of BTC is moved off the platform. Part of this flow involves investors transferring funds to private wallets, choosing self-custody for greater security.

At the same time, institutional buyers in the US – particularly spot ETF managers – are also pulling out Bitcoin from the markets to store them with regulated custodians. These movements contribute to reducing the amount of BTC in circulation on exchanges and can generate bullish pressure when demand increases.

Why Binance’s Bitcoin Reserves Are Declining

“Historically, such conditions have supported medium- to long-term price appreciation. The current trend suggests that Binance’s reserve decline is a normal re-accumulation phase.” – By @xwinfinance pic.twitter.com/g3TCG4o6GD

— CryptoQuant.com (@cryptoquant_com) December 3, 2025

ETF Spot e Self-Custody

Analysts report that US spot ETFs have purchased significant amounts of Bitcoin to fuel their products. The resources of the main issuers are held by specialized entities and do not remain on the exchange platforms.

At the same time, both individual investors and large holders tend to shift their reserves into private portfolios during bull runs, a choice that often indicates an intention to hold positions for an extended period.

Overall, these behaviors further reduce the supply available on exchange and explain the decline in reserves on Binance.

Derivatives and Liquidations

The derivatives market also affected changes in exchange balances. Daily liquidations in futures have increased: in the previous market phase the average fluctuated around 28 million dollars in long positions and 15 million in short positions; in the current cycle it has gone to around 68 million longs and 45 million shorts.

The peak was recorded on October 10, when over $640 million per hour in long positions were liquidated as the price of Bitcoin fell from $121,000 to $102,000. Open interest dropped by approximately 22% in less than twelve hours, going from almost 50 billion to 38 billion.

A Market Still Overcrowded

Despite these episodes of extreme volatility, the futures sector continues to grow. Open interest hit a record $67 billion and daily derivatives volumes reached $68 billion. Over 90% of this activity involves perpetual contracts, which tend to exacerbate short-term movements and, at the same time, attract a large number of traders.

Price Levels to Monitor

According to traders, the area between $92,000 and $94,000 represents an important resistance zone. A stable daily close above this range could favor an acceleration towards the psychological threshold of $100,000.

The closest support lies between 88,000 and 89,000 dollars, a level at which new buyers are likely to enter in the event of corrections. On one of the most active days, trading volumes approached $86 billion, a sign of renewed interest from both retail investors and institutional traders.

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