Binance customer $BTC holdings hit 688,573 coins (+0.91% in 1 month)

Meanwhile $ETH down 4.61% and $USDT down 0.87%

This is customer assets, NOT total reserves (data: Sept 1, via WuBlockchain)

Why is $ETH bleeding the hardest? Rotation into $BTC as institutional flow picks up? Or just degen fatigue on L2 narratives?

Watch the ETH/BTC ratio—if it keeps sliding, altseason is officially dead