USDT Reserves on OKX Rise by $400 Million in July, Suggesting Possible Strategic Positioning

Key Points

1. OKX users reduced Bitcoin holdings by 3.34% but increased USDT reserves by 4.62% in July 2025.

2. Bitcoin reserves on OKX fell below 1 million units, reflecting a broader trend of increased self-custody among investors.

3. Ethereum holdings remained relatively flat, but its Total Value Locked (TVL) surged by approximately $10 billion, indicating growth in ETH-based protocols.

4. USDT reserves on OKX rose from approximately $7.5 billion in mid-June to nearly $7.9 billion by the end of July 2025, suggesting liquidity accumulation for future market moves.

5. The USDT peg remained stable throughout July 2025, showing no signs of stress.