Binance Users Are Selling ETH and Buying BTC, Latest PoR Report Shows
- 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 Ethereum and into Bitcoin.
Nearly Half a Million Ethereum Exits Binance
The biggest change in the latest report was a 9.84% decrease in customer Ethereum (ETH) holdings. Between July 1 and August 1, a total of 496,984 ETH left the exchange.
This massive outflow could mean large-scale profit-taking, a change i…
The post Binance Users Are Selling ETH and Buying BTC, Latest PoR Report Shows appeared first on Coin Edition.
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Binance Users Are Selling ETH and Buying BTC, Latest PoR Report Shows
- 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 Ethereum and into Bitcoin.
Nearly Half a Million Ethereum Exits Binance
The biggest change in the latest report was a 9.84% decrease in customer Ethereum (ETH) holdings. Between July 1 and August 1, a total of 496,984 ETH left the exchange.
This massive outflow could mean large-scale profit-taking, a change i…
The post Binance Users Are Selling ETH and Buying BTC, Latest PoR Report Shows appeared first on Coin Edition.
Read More
South Korean Retail Sells Tesla, Buys Bitcoin Miner BitMine Holding $3.6 Billion in ETH