Binance Proof-of-Reserves Highlights Investor Move from BTC to ETH 📊
Binance has released its 31st Proof-of-Reserves (PoR) snapshot, dated June 1, indicating minor shifts in user holdings among major cryptocurrencies. This periodic update provides insights into investor behavior as the market approaches mid-2025.
The report highlights a decline in Bitcoin holdings, with users collectively retaining 593,000 BTC. In contrast, Ethereum is witnessing an upward trend in holdings, reflecting a growing preference among investors for ETH. Furthermore, USDT holdings have seen a slight decrease.
By offering detailed reserve data, Binance underscores the changing sentiments within the crypto community toward these leading digital assets.
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