CEX platform Bitcoin balance rose to 676,834.84 coins yesterday, reaching a new high since November 2024.

GateUser-6433627c · 2026-02-23T10:45:14+00:00

According to CryptoQuant data, the Bitcoin balance on CEX platforms reached 676,834.84 coins last Sunday, the highest since 2024, a 9.3% increase from the November low last year. The rising balance may suggest that investors are preparing to sell or use it as collateral for derivatives, or it could intensify price volatility.

GateUser-6433627c

2026-02-23 10:45:14

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On February 23, according to CoinDesk, on-chain analytics platform CryptoQuant data showed that the Bitcoin balance associated with CEX platform wallets rose to 676,834.84 coins (approximately $44.53 billion) last Sunday, the highest level since November 2024, representing a roughly 9.3% increase from the low of 618,782 coins in November 2023. An increase in Bitcoin balances on trading platforms is often seen as a potential sell pressure signal, indicating that investors may be preparing to sell assets or use them as collateral for derivatives trading, both of which can typically amplify price volatility.

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