[Wu Blockchain News] Binance User USDT Holdings Fall 7.95% in Latest Proof of Reserves Binance’s lat...
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Binance’s October 31 proof-of-reserves snapshot shows user USDT holdings fell 7.95%, or 2,544,682,319 USDT, to 29,483,062,742 USDT, while user BTC holdings rose 3,614 BTC (0.52%) to 692,187 BTC. User ETH holdings declined 144,217 ETH (3.80%) to 3,654,919 ETH, and BNB holdings dropped 401,669 BNB (0.93%) to 42,638,276 BNB. The shift signals users are rotating out of stablecoins and trimming ETH and BNB exposure while modestly increasing bitcoin balances on the exchange. The USDT decline is the largest proportional move in the snapshot and may reflect redemptions, trading activity, or transfers to other venues. Watch whether the next proof-of-reserves update shows USDT stabilizing or extending its decline, and whether BTC holdings continue to climb.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
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