Summary
- Analyst Julio Moreno reported that there is no abnormal activity in on-chain data regarding Binance's asset movement claims.
- He stated that the reserves of Bitcoin, Ethereum, USDT, and USDC are close to all-time highs.
- He added that Binance's decline in Bitcoin reserves is similar to other exchanges, and the leverage ratio remains low.
Julio Moreno, the chief analyst at CryptoQuant, stated on the 12th (local time) via X (formerly Twitter) that "there are claims that the global cryptocurrency exchange Binance is moving assets," and added, "Upon examining the on-chain data, no abnormal activity was detected in Binance's reserve data."
He continued, "The reserves of Bitcoin (BTC), Ethereum (ETH), USDT, and USDC in dollar terms are close to all-time highs," and added, "The decline in Bitcoin reserves is similar to that of other exchanges. The leverage, that is, the size of open interest relative to reserves, remains at a low level."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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