$BTC #BinanceHODLerTree The term "Binancehodlertree" essentially refers to Binance's Proof of Reserves (PoR) system, which utilizes a cryptographic method called a Merkle Tree. This system was implemented to provide transparency and allow users to verify that their assets, including Bitcoin (BTC), are held 1:1 and are fully backed by the exchange's reserves.

Following events like the FTX collapse, Binance introduced this feature to build user trust. It allows individual users to check that their specific account balance is included in the overall snapshot of user liabilities. By using a "Merkle Leaf" or "Record ID," a user can confirm their funds are part of the larger, cryptographically-sealed Merkle Tree without compromising their privacy. This verification process, which initially focused on Bitcoin, is part of Binance's broader effort to ensure the safety and security of user funds.