The recent Proof of Reserves (PoR) report from Binance reveals interesting shifts in trader strategies, indicating a decrease in Bitcoin holdings and an increase in Ethereum.
Statistics on BTC and ETH Holdings
The report dated June 1, 2025, indicates a 1.82% drop in Bitcoin holdings to 593,000 BTC, while Ethereum balances increased by 1.05% to 5.34 million ETH.
Market Dynamics and Changing Sentiment
The decline in both Bitcoin and USDT holdings, which fell by $223 million, points to a trend of moving capital into ETH, suggesting growing optimism among traders.
ETH Forecasts and Resistance at $2700
Analyst Ted Pillows noted that Ethereum is entering an accumulation phase. He predicts that ETH could rise to $4,000 if it breaks the key resistance level of $2,700.
Thus, the current changes in cryptocurrency holdings on the Binance platform highlight a shift in trader sentiment and the potential growth of Ethereum in the near future.
