Binance’s latest Proof of Reserves shows a shift in user holdings, with Bitcoin balances rising and ETH and USDT falling. Stablecoin over-reserves hit six-month highs, boosting liquidity during market volatility. BTC reserves increased by 4% month-over-month, reaching 617,620 BTC.

The exchange’s reserve ratios include BTC: 102.11%, ETH: 100%, USDT: 109.16%, USDC: 137.7%, and BNB: 112.32%. Users can verify balances without disclosing personal information. Binance holds near $120 billion in reserves, with USDT at a record $42.8 billion.

X sentiment on Twitter is bullish for Bitcoin, as users stack BTC while ETH and stablecoin balances decline. Ethereum holdings dropped 1.32% to 4.04 million ETH, and USDT balances slipped 1.24% to 34.3 billion USDT. Users are rebalancing into Bitcoin during uncertainty.

Analyst AB Kuai Dong noted a rise in Binance’s stablecoin over-reserves, with USDT at 109.16% and USDC at 137.7%. BNB has a 112.32% over-reserve ratio, enhancing risk resistance. The exchange assures all user assets are backed 1:1, building liquidity and meeting regulatory expectations.

Binance’s Bitcoin reserve ratio hit its lowest level since 2018, historically preceding powerful rallies. Despite rising balances, Bitcoin is leaving exchanges globally, signaling market share gains for Binance. Accumulating Bitcoin and strong reserve ratios create a potential setup for future growth.

Read more at Yahoo Finance: Binance PoR Shows BTC Pile-Up, Rising Over-Reserves, and Bitcoin Rally Signals