Binance October Reserves Show User Bitcoin Holdings Rise 0.91% to 688,600 BTC
Binance’s October proof-of-reserves data shows that user Bitcoin holdings increased 0.91% from September 1 to approximately 688,600 BTC, while holdings of Ethereum, USDT and BNB all declined over the same period.
Bitcoin Holdings Increase
The proof-of-reserves figures are based on a snapshot taken on October 1. According to data reported by Wu Blockchain, Binance user BTC holdings rose by 6,217 BTC from the September 1 level, bringing the total to approximately 688,600 BTC.
The 0.91% increase in user Bitcoin holdings was the only gain among the four assets specifically reported in the October reserve data. The figures provide a comparison of the amount of BTC, ETH, USDT and BNB held by Binance users at the two monthly snapshots.
ETH, USDT and BNB Holdings Decline
Ethereum holdings moved in the opposite direction, falling 4.61% to about 3.799 million ETH. The decline represents roughly 183,600 ETH compared with the September 1 snapshot.
User USDT holdings also decreased during the period. Binance users held approximately 32.03 billion USDT as of the October 1 snapshot, down 0.87% or about 280 million USDT from September 1.
BNB holdings recorded a smaller decline of 0.77%. User balances stood at around 43.04 million BNB, representing a decrease of roughly 334,200 BNB from the previous monthly snapshot.
Across the four assets covered in the data, Bitcoin was therefore the only one to record an increase in user holdings between September 1 and October 1. ETH posted the largest percentage decline at 4.61%, followed by USDT at 0.87% and BNB at 0.77%.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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