Binance’s Reserves Still Close to ATHs with Persistent Sell-offs

Binance, the largest cryptocurrency exchange by trading volume, recorded a significant decline in its digital asset reserves over the past week. The top exchange witnessed an $8 billion plunge in its Bitcoin , Ethereum , Tether , and USD Coin reserves over the last seven days, according to an X post by CryptoQuant analyst Julio Moreno. Moreno hinted at the pre-crash market conditions when Binance’s reserve value was “growing” by roughly $14 billion due to inflated asset prices. The CryptoQuant analyst’s ...