Binance releases 46th Proof of Reserves report: BTC balances up 3.92%
- —User BTC balances rose 3.92% to 682,356 coins
- —ETH balances rose 0.04% to 3.98 million coins
- —USDT balances fell 1.85% to 32.3 billion
- —Verification is available via Merkle Tree and zk-SNARKs
Why it matters: Rising BTC and ETH balances point to an inflow of assets to the largest exchange, while the USDT outflow may signal lower trading activity.
Source: TokenPost