Binance BTC and ETH reserves fall, USDT holdings hold near $38.1B
- —Binance BTC reserves fell from 701,000 to 678,000 coins in a week
- —ETH holdings declined from 3.65 million to 3.54 million tokens (-3%)
- —USDT balances held near $38.1 billion
- —CryptoQuant: the key signal is whether stablecoin liquidity turns into spot buying
Why it matters: Large USDT balances alongside falling BTC and ETH reserves suggest buying power is sitting on the exchange.
Source: Bloomingbit