Binance published its 44th proof-of-reserves report and revealed that its customers’ Bitcoin balances reached approximately 640,295 BTC in June, representing an increase of 7,715 BTC, equivalent to a rise of 1.22% compared to the previous month.
The report used a snapshot from July 1 compared against the June 1 baseline. This marks the third consecutive month of growth in BTC balances reported by the platform, consolidating a steady accumulation trend.
On the other hand, ETH balances on Binance fell 1.41%, to approximately 4.086 million ETH, following the 10.17% jump recorded in May. The pullback looks more like a partial correction of that peak than the beginning of a structural outflow from Ethereum.
The most striking figure is that of USDT, whose reserves on Binance dropped 1.51% to 33.7 billion tokens, marking a second consecutive month of decline. That contraction in stable liquidity at the world’s largest exchange reduces the visible volume of capital available for purchases at the time of the snapshot. The same dynamic —BTC rising, stablecoins falling— was also recorded in recent reports from Bybit and OKX, suggesting there is a rotation toward Bitcoin among the leading spot venues, and not a phenomenon exclusive to Binance.
Source:Â https://www.binance.com/en/proof-of-reserves
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