🚨 BINANCE USERS CUT ETH HOLDINGS 4.61% — BTC BALANCES RISE
Summary:
Binance’s October 1, 2026 Proof of Reserves snapshot shows customer ETH balances fell sharply during September, while BTC holdings increased. The shift puts investor positioning across the two largest cryptocurrencies in focus.
Key Points:
🔹 ETH holdings: Down 4.61% to approximately 3.80 million ETH
🔹 BTC holdings: Up 0.91% to approximately 688,573 BTC
🔹 ETH reduction: Roughly 183,600 ETH
🔹 BTC increase: Approximately 6,217 BTC
🔹 USDT balances: Down 0.87%
🔹 BNB balances: Down 0.77%
Market Insight:
Binance customers’ reported balances shifted toward BTC and away from ETH during September. However, Proof of Reserves data does not reveal why balances changed or prove that users sold ETH to buy BTC. Withdrawals, transfers and other activity may also affect exchange balances.
Assets to Watch: BTC • ETH
#Bitcoin #Ethereum #Binance #CryptoMarket #onchaindata $ETH $BTC
Summary:
Binance’s October 1, 2026 Proof of Reserves snapshot shows customer ETH balances fell sharply during September, while BTC holdings increased. The shift puts investor positioning across the two largest cryptocurrencies in focus.
Key Points:
🔹 ETH holdings: Down 4.61% to approximately 3.80 million ETH
🔹 BTC holdings: Up 0.91% to approximately 688,573 BTC
🔹 ETH reduction: Roughly 183,600 ETH
🔹 BTC increase: Approximately 6,217 BTC
🔹 USDT balances: Down 0.87%
🔹 BNB balances: Down 0.77%
Market Insight:
Binance customers’ reported balances shifted toward BTC and away from ETH during September. However, Proof of Reserves data does not reveal why balances changed or prove that users sold ETH to buy BTC. Withdrawals, transfers and other activity may also affect exchange balances.
Assets to Watch: BTC • ETH
#Bitcoin #Ethereum #Binance #CryptoMarket #onchaindata $ETH $BTC
