🚨 Crypto Market Update! 🚨

Binance's latest proof-of-reserves report reveals a significant decline in user assets for September. The exchange saw 9,577 BTC and 61,326 ETH exit, worth $595M and $148.5M respectively. USDT reserves also dipped by 3.16%, a $700M outflow. However, BNB holdings rose by 2.17%.

Other exchanges like Kraken, Bitfinex, and Bybit also experienced BTC outflows, while Bithumb saw an inflow of 3,017 BTC.

Binance's market share dropped to 2020 levels, with a 21% decrease in spot trading and 23% in derivatives. Meanwhile, Crypto.com boosted its market share by 8%.

💬 What do you think about these trends? Share your thoughts in the comments!