【Market Update】Binance has released its October Proof of Reserves, revealing a notable rotation in users’ holdings: User $BTC increased their holdings by 0.91% month over month to approximately 688,600 coins, a net increase of about 6,217 coins in one month. Meanwhile, user $ETH ’s holdings fell by 4.61% to approximately 3.799 million coins, a decrease of about 183,600 coins. USDT holdings fell by approximately 280 million tokens, while BNB also declined 0.77% month over month. The data reflects users’ recent preference for holding Bitcoin amid market volatility. However, a Proof of Reserves is only a snapshot of holdings at a specific point in time and does not directly indicate buying or selling pressure. (Source: AMBCrypto)

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