๐ Latest: Bybit's Proof of Reserves report reveals an increase in user holdings of BTC and ETH, and a decline in USDT during June!
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๐ June Report โ Proof of Reserves:
๐น Bitcoin (BTC):
โฌ๏ธ Increased to 53.9 thousand BTC (+1.67%)
๐น Ethereum (ETH):
โฌ๏ธ Increased to 647 thousand ETH (+6.09%)
๐น Tether (USDT):
โฌ๏ธ Decreased to $4.8 billion (-7.44%) compared to May
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๐ What do these numbers mean?
โ The increase in user holdings of BTC and ETH may indicate growing confidence in the market
โ The decline in USDT may reflect a shift in liquidity towards other digital assets
โ A healthy balance in Bybit's reserves enhances transparency and credibility
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โDo you think the increase in BTC and ETH holdings is a sign of an upcoming rise? Or does the outflow of liquidity from USDT suggest profit-taking?
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