Binance’s Unrealized Bitcoin Profits Hit Record 60K: What It Means for BTC Market

Binance is now sitting on a record 60,000 Bitcoin (BTC) in unrealized profit, a clear sign that the exchange’s long-term BTC holdings are deep in the green, according to CryptoQuant data.

Investors Show Long-Term Bullish Conviction

Unrealized profit reflects an investor’s—or in this case, an exchange’s—ability to hold through volatility and still remain in profit. The higher it goes, the more “cushion” there is before the holder would experience a loss.

Binance’s 60,000 BTC in unrealized gains (worth over $7.2 billion at current prices) suggests that even with recent price dips or corrections, the exchange’s BTC treasury is solidly in the green.

This kind of profit buffer often signals strong long-term conviction. In simple terms, Binance isn’t rushing to sell, even as prices surge.

Historically, high unrealized profits among major holders have preceded new market tops only when followed by distribution (i.e., actual selling). So far, there’s limited evidence of that.

Binance’s total BTC reserves have dropped from 631,000 BTC in September 2024 to 574,000 BTC today. That might seem negative at first glance, but it aligns with a broader market trend: users withdrawing their BTC to self-custody, often seen as a bullish signal.

It indicates growing user confidence and a shift from speculative trading to long-term holding.

Bitcoin Eyes $125,500 After Triangle Breakout

That conviction is also evident in Bitcoin’s latest technical setup. BTC/USD has broken out of a symmetrical triangle pattern on the 4-hour chart, a classic continuation formation.

After testing resistance near $119,000, price briefly pulled back to retest the triangle’s upper trendline — a move often seen as confirming the breakout.

If the pattern plays out fully, BTC could surge toward the $125,500–$126,000 area, a level derived from the previous flagpole height added to the breakout point. Momentum remains supported by the 50-4H exponential moving average (EMA) holding as an interim accumulation zone.