Binance Enormous Reserves Revealed: 2% of All Bitcoin (BTC) and 0.2% of Ethereum (ETH)

Key Points

1. Binance's Bitcoin reserves decreased by 3.27% (19,400 BTC) from June to 573,997 BTC, representing about 2% of all Bitcoin.

2. Binance's Ethereum reserves dropped by 5.34% (285,000 ETH) to 5.05 million ETH, which is 0.2% of Ethereum's total supply.

3. USDT holdings on Binance increased by 2.64% ($760 million) to nearly 29.6 billion, while BNB reserves saw a minor decline of 0.54%.

4. The decline in BTC and ETH reserves coincides with Ethereum's price rise, while USDT inflows suggest potential market re-entry strategies.

5. Binance's reserve changes highlight ongoing withdrawal trends for major cryptocurrencies but stability in stablecoin holdings.