Exchanges· ★★★· neutral·

Bybit reserves hit $19.6B as user BTC and ETH balances rise, USDT drops 11%

  • —Mainstream assets reached $19.6 billion, up from $18.1 billion in August
  • —User BTC balances rose 0.24% to 56,131 BTC, with a 104% reserve ratio
  • —User ETH balances rose 2.96% to 551,868 ETH, lifting the ratio to 103%
  • —User USDT fell 11.46% to about 3.59 billion, with a 110% reserve ratio
Why it matters: The report reaffirms 1:1 backing after the $1.46 billion 2025 hack, though the USDT decline may signal a shift in client asset mix.
#BTC#ETH#USDT
Source: Cryptonews.net
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