Binance’s June PoR report shows user BTC holdings down and ETH holdings up.
This data suggests a capital rotation into Ethereum as its network usage hits a 1-year high.
Analysts predict ETH could rally to $4,000 if it breaks the key $2,700 resistance.
Binance’s latest Proof of Reserves (PoR) report reveals a subtle but significant shift in trader strategy, suggesting a capital rotation out of Bitcoin and into Ethereum. The June 1, 2025, report shows user Bitcoin holdings fell by 1.82% to 593,000 BTC, while Ethereum balances climbed 1.05% to 5.34 million ETH.
While the changes are modest, the dip in both Bitcoin and USDT holdings, which fell by $223 million, points to a clear trend: traders may be moving capital into ETH to capitalize on its growing momentum and bullish market sentiment. This on-chain data from the world’s largest exchange provides a new layer of evidence for an increasingly popular market thesis.
Investors Rotate into ETH as Momentum Builds
According to market analyst Ted Pillows, Ethereum is entering a strong accumulation and momentum phase.
“$ETH is still consolidating after a bullish May,” he noted, adding that rising ETF inf…
The post Binance Users Shed $223 Million in Tether and Bitcoin Holdings to Buy More Ethereum appeared first on Coin Edition.
