Binance's proof of reserves reports showed user holdings of BTC rose 4% to 630K and ETH increased 10% to 4.14M. Conversely, the platform saw a significant outflow of 1.1 trillion SHIB tokens. By June 24, a major shift in asset distribution occurred as Binance's USDT holdings surpassed its BTC holdings.
Binance's USDT balances have flipped its Bitcoin holdings in total value, signaling a potential shift toward defensive positioning or increased liquidity among retail traders.
Read the full storyBinance's latest transparency report reveals a massive reduction in SHIB holdings while user balances for Bitcoin and Ethereum continue to climb.
Binance's latest report reveals a 4% rise in user BTC holdings and a 10% jump in ETH, signaling retail accumulation despite market volatility.