Bitcoin sell-off next? Binance BTC balance shoots up $1.5B in one month

Bitcoin (BTC) traders might be tailoring up for a sell-off as data shows tens of thousands of coins moving to exchanges.The newest figures from on-chain monitoring resource Coinglass validate that worldwide trading volume leader Binances BTC balance increased by over 50,000 BTC ($1.5 billion) in the past 30 days.Binance takes lions share of exchange BTC balance increaseWith BTC/USD setting multimonth highs regularly considering that mid-March, the temptation to offer for both short-term and long-term holders has certainly increased.As Cointelegraph reported, actual selling pressure has thus far remained muted by historical standards, but on-chain information recommends this could easily change.According to Coinglass, Binance alone now has 51,000 BTC more on its books than 30 days ago. Compared with March 10, when BTC/USD briefly challenged $20,000 assistance, its balance is up by practically 100,000 BTC, different data from analytics platform CryptoQuant confirms.Binance BTC balance vs. BTC/USD chart. Other significant exchanges have, in fact, lost BTC or seen unimportant balance increases.Aggregate increases over 30 days to April 28, hence amounting to around 14,000 BTC, with the combined total holdings of the exchanges tracked by Coinglass now at 1.919 million BTC.Bitcoin exchange BTC balance vs. BTC/USD chart.