Binance users added $537M in BTC and cut ETH by $499M in September
- —Customer BTC balances rose 0.91% to 688,573 BTC, an inflow of about $537 million
- —ETH balances fell 4.61%, an outflow of roughly $499 million
- —USDT declined 0.87% and BNB fell 0.77%
- —Exchange surplus: 2,431 BTC ($208 million) and $1.24 billion in USDT
Why it matters: The rotation of customer funds from ETH into BTC signals weakening Ethereum sentiment and a preference for bitcoin among Binance traders.
Source: BeInCrypto JP