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# Binance’s Record Unrealized Bitcoin Profits Shine Amid Declining Reserves
Bitcoin (BTC) continues its bullish ascent, propelling Binance—the world’s largest cryptocurrency exchange—to report an all-time high in unrealized profits from its Bitcoin holdings, tallying approximately 60,000 BTC. This achievement comes even as the exchange sees a decline in its Bitcoin reserves, showcasing the strong market impact of rising cryptocurrency prices on valuation metrics.
Binance’s Unrealized Bitcoin Profits Reach 60,000 BTC Despite Shrinking Holdings
According to on-chain data provided by CryptoQuant, Binance’s unrealized Bitcoin profits have surged to a historic 60,000 BTC. These gains represent the appreciation in asset valuation from Bitcoin’s price increases, rather than realized gains from trading or selling.
Interestingly, this profitability milestone coincides with a noticeable reduction in Binance’s Bitcoin reserves, which have dropped from approximately 631,000 BTC in September 2024 to 574,000 BTC as of July 2025—an estimated 9% decline. Several factors contribute to this decrease, including heightened user withdrawals, increasing adoption of decentralized wallets, and custodial asset transfers.
Declining Reserves: A Bullish Signal for User Confidence
While a reduction in exchange reserves might conventionally signal capital outflows, analysts argue this trend suggests a positive shift toward asset self-custody. Investors are increasingly moving their Bitcoin from exchanges to private wallets, signifying trust in long-term holding and decentralized control over assets.
Adding weight to this sentiment is Binance’s robust proof-of-reserves (PoR) metric, which currently sits at 102.5%. This figure validates Binance’s ability to cover all customer deposits with additional reserves, reinforcing the exchange’s sound operational practices and bolstering investor confidence.
Many experts interpret the declining reserve trend as a sign of growing decentralization within the cryptocurrency ecosystem. As users shift toward non-exchange wallets, they enhance Bitcoin’s image as a secure, self-governed asset—an essential ethos in the blockchain community.
The Paradox: Record Unrealized Profits Amid Reserve Reduction
Bitcoin’s recent price rebound has amplified Binance’s unrealized profits relative to its average acquisition costs. This creates an intriguing dynamic where rising Bitcoin prices boost valuation gains, even as the exchange’s total Bitcoin holdings dwindle.
CryptoQuant analyst Darkpost highlighted this phenomenon, stating, “Although Binance has reported a decrease in its Bitcoin reserves, unrealized gains have reached an all-time high. This speaks volumes about growing market optimism and heightened investor confidence in Bitcoin’s resurgence.”
The interplay between declining reserves and record unrealized profits highlights how external market trends influence internal exchange metrics. Binance’s ability to weather this shift underscores its adaptability in an evolving crypto landscape.
BTCB Custodial Wallets Add 16,000 BTC to Reserves
In addition to its direct holdings, Binance maintains approximately 16,000 BTC in custodial wallets to support BTCB—a Bitcoin-pegged token integrated within the BNB Chain ecosystem. These funds uphold liquidity, allowing Binance to facilitate token-related transactions while ensuring precise peg stability.
BTCB serves as a critical utility within Binance’s blockchain framework by enabling seamless Bitcoin transfers and increasing accessibility within decentralized applications (dApps) built on the BNB Chain.
Market Dynamics Shape Binance’s Crypto Strategy
As Bitcoin sustains its upward trajectory, Binance’s record-breaking unrealized profits emphasize the influence of price momentum on exchange valuations. The duality of declining asset balances paired with soaring profits reflects not just the maturity of institutional activity but also the trust and shifting behavior of investors within the crypto market.
This evolving pattern points to larger trends in the cryptocurrency ecosystem, reinforcing Bitcoin’s dominance and Binance’s pivotal role in shaping blockchain-based financial innovation.
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