Binance Users Are Selling ETH and Buying BTC, Latest PoR Report Shows
Main Idea
Binance's latest Proof of Reserves report shows a shift in user behavior, with ETH reserves dropping significantly while BTC and USDT reserves increased, reflecting changing trader sentiment.
Key Points
1. Binance’s ETH reserves dropped 9.84% (496,984 ETH) between July 1 and August 1, 2025, marking the largest monthly decline among assets.
2. BTC reserves grew by 2.99% (17.1K BTC), and USDT holdings increased by 0.87% (258 million tokens), indicating a shift toward Bitcoin and stablecoins.
3. The outflow of ETH suggests possible profit-taking, strategy changes, or migration to on-chain DeFi protocols by users.
4. Binance dominates globally with 53.14% of trading volume but holds only 0.63% market share in the U.S., where Binance.US operates.
5. The report highlights a reversal from earlier trends where traders were selling BTC to buy ETH.
Description
Binance’s ETH reserves dropped 9.84%, marking the largest monthly decline among assets. BTC and USDT reserves rose, signaling strong demand and user inflows on Binance. Binance dominates global volume but lags in the U.S. with just 0.63% market share. Binance’s 33rd Proof of Reserves (PoR) report , with data as of August 1, 2025, is already out and it shows a major shift in how its customers are holding their crypto. The numbers reveal a clear split in trader sentiment, with major moves out of E...
Latest News
- Rate Cuts Threaten Profits of Stablecoin Giants Tether and Circle2025-08-15 14:53:46
- FTX News: Next Distribution Set on 30th Sep After Today’s Record Date2025-08-15 13:26:30
- Cardano Approaches Breakout as $1 Resistance Faces Critical Test2025-08-15 09:49:12
- XRP (XRP) Price Prediction for August 162025-08-15 09:10:25
- Solana (SOL) Price Prediction for August 162025-08-15 09:10:08