In June 2025, the cryptocurrency market showed interesting changes in user balances related to core assets and stablecoins.
Rise in BTC and ETH Holdings
User Bitcoin (BTC) holdings increased by 884 BTC, a 1.67% rise, bringing the total to 53,906 BTC. Ethereum (ETH) holdings posted even stronger growth, increasing by 37,168 ETH or 6.09%, raising total user reserves to 646,987 ETH. This rise may indicate a growing preference for core assets amid market volatility and regulatory scrutiny surrounding stablecoins.
Noticeable Decline in USDT Reserves
Conversely, USDT reserves decreased by 7.44%, representing a loss of $386 million, reducing total Tether reserves to approximately $4.80 billion. This drawdown could reflect user withdrawals, swaps to other assets, or risk-off behavior tied to broader market uncertainty or geopolitical tensions.
Modest Growth in Other Tokens
Bybit’s native token MNT recorded a minor increase of 2.10%, rising from 475.5 million to 485.5 million. The data shows that users continue to show interest in various assets amid the current market landscape.
Thus, in June 2025, there appears to be an interesting divergence among users' cryptocurrency reserves. The increase in BTC and ETH holdings may be a sign of increased trust in these core assets, while the significant decline in USDT reserves indicates a cautious approach under current market conditions.
