Binance PoR Shows BTC Pile-Up, Rising Over-Reserves, and Bitcoin Rally Signals
Binance’s latest Proof of Reserves reveals a major shift in user positioning, where Bitcoin balances are climbing, while ETH and USDT fall.
At the same time, Binance’s stablecoin over-reserves hit six-month highs, strengthening liquidity during ongoing market volatility.
Bitcoin Accumulation Jumps as User Behavior ShiftsBinance users increased their Bitcoin balances by 4% month-over-month, reaching 617,620 BTC, according to the exchange’s 37th Proof of Reserves snapshot. That’s an addition of 23,768 BTC since November 1.
The exchange utilizes Merkle trees and zk-SNARKs to enable users to verify their balances without disclosing personal information. Current reserve ratios include:
- BTC: 102.11%
- ETH: 100%
- USDT: 109.16%
- USDC: 137.7%
- BNB: 112.32%
This system offers real-time transparency, unlike traditional audits, which are episodic and rely on third-party trust.
As of November 30, Binance reserves were hovering near $120 billion, with USDT (ERC-20) reaching a record $42.8 billion. Despite volatility, Binance remains the second-largest holder of global Bitcoin reserves.
CONFIRMED: #Binance Now Holds $120B in Reserves