Binance's Bitcoin holdings have reached a near four-month high, with the exchange's wallets holding 676,834.84 BTC, valued at approximately $44.53 billion. This marks a 9.3% increase from the November 2024 low of 618,782 BTC, according to CryptoQuant data. The rise in Bitcoin balances on exchanges is often interpreted as a potential signal of increased selling pressure, as investors may be preparing to sell or use the asset for derivatives trading. The market reacted to this development with initial declines in early Asian trading on Monday, as Bitcoin's price fell from $67,600 to $64,400 before recovering slightly to around $65,850. The increase in exchange-held Bitcoin is seen as a factor that could contribute to heightened price volatility in the near term.