Binance users add 16,349 BTC as ETH, USDT fall

Binance’s 45th Proof of Reserves snapshot shows a continued shift in user balances toward Bitcoin. Customer BTC holdings rose 2.55% month over month to about 657,000 BTC, adding 16,349 BTC since the July 1 snapshot and marking the third straight monthly increase. In contrast, user Ethereum holdings fell 2.57% to roughly 3.98 million ETH, while USDT balances declined by a similar 2.57% to about 32.9 billion tokens. Binance reported reserve ratios above 100% for BTC and ETH, and 103.62% for USDT, suggesting assets exceeded attributed customer balances at the snapshot date. The report is supportive of Binance’s reserve transparency, but it is a point-in-time check and does not prove actual buying, withdrawals, or broader market demand. Overall, the article is mildly bullish for BTC sentiment, while highlighting softer ETH and USDT balances on the exchange.