Binance has published its 34th proof-of-reserves report, revealing changes in the balances of Bitcoin, Ethereum, and USDT compared to the previous month.
Increase in Bitcoin and Tether Reserves
Currently, Binance holds **608,017 BTC**, an increase of **16,853 BTC** (+**2.85%**) compared to last month. This rise suggests growing user interest in the exchange.
USDT reserves have reached **31.25 billion**, representing a **4.69%** increase (+**1.4 billion tokens**). This surge may indicate traders are preparing liquidity ahead of potential market opportunities.
Decline in Ethereum Reserves
Binance's Ethereum holdings decreased by **214,079 ETH**, a **4.70%** drop, leaving a total of **4.34 million ETH**. This decline may reflect user withdrawals or reallocation of funds.
User Analysis
Binance's proof-of-reserves updates remain a key measure of transparency regarding user asset management. The latest report reveals diverging trends: while Bitcoin and USDT holdings grew, Ethereum reserves contracted.
For traders and investors, these changes could signal shifting strategies and preferences across major cryptocurrencies.
Binance’s proof-of-reserves updates continue to provide valuable insights into the state of user assets. The trends observed in the latest report may influence future investment decisions.
