Bitcoin reserves have thinned at most exchanges over the past year, with six of 11 tracked venues holding less than a year ago 📉🔴. #Gate reserves rose 4.9% while the median of the other ten fell 6.4%, and those ten together hold about 10% less than a year ago 💪.
Gate's latest Proof of Reserves, as of October 18, showed about $1.4B more in reserves than user deposits, with every major asset above 100% 🟢.
If the declines keep spreading, the Bitcoin left on exchanges would gather at the few still adding reserves ⚡️🎯👀
$BTC #W2E
Gate's latest Proof of Reserves, as of October 18, showed about $1.4B more in reserves than user deposits, with every major asset above 100% 🟢.
If the declines keep spreading, the Bitcoin left on exchanges would gather at the few still adding reserves ⚡️🎯👀
$BTC #W2E
