According to Binance's 33rd Proof of Reserves report published on August 1, 2025, there is an increase in Bitcoin user holdings, while Ethereum reserves have decreased.
BTC Holdings Increase
The report shows that Binance holds 591,000 BTC on behalf of its users, reflecting a 2.99% increase from July 1. The rise of 17,100 BTC indicates growing user trust in storing Bitcoin on the platform.
ETH Holdings Decline
Ethereum reserves on Binance dropped by 9.84%, totaling 4.555 million ETH, marking a loss of approximately 496,000 ETH. This decline may suggest changing investor sentiment towards Ethereum or a shift towards self-custody.
USDT Holdings Growth
Binance users' USDT holdings increased by 258 million USDT, reaching 29.85 billion USDT, a 0.87% rise. This reflects stable demand for stablecoins, often used in trading or to hedge against market volatility.
The analysis of Binance user assets showcases mixed trends: increased confidence in Bitcoin and declining interest in Ethereum, highlighting the evolving dynamics of investments in the crypto market.
