Unrealized BTC profit on Binance reaches record 60K BTC, analyst says

Unrealized Bitcoin (BTC) profit on Binance has climbed to a record high of 60,000 BTC, according to a recent CryptoQuant post by analyst Darkfost. The exchange’s Bitcoin reserves have declined from about 631,000 BTC in September 2024 to 574,000 BTC. Darkfost said the drop in reserves may signal growing investor confidence, as more BTC is being moved off the exchange, typically a sign that holders are opting to store assets rather than sell.