#BTCReclaims120K Bitcoin's current price is around $118,190.27, with a 1.46% increase in the last 24 hours. As for Binance's reserves, recent updates show:
- *Bitcoin Reserves*:
Binance holds 2,746 BTC in non-customer net balances, significantly lower than the 46,896 BTC reported in December 2024.
- *Reserve Reduction*:
Binance's reserves have decreased by $8 billion, with notable reductions in $BTC , $ETH and $SOL holdings. The reasons behind this reduction are unclear, but some speculate it might be for regulatory settlements, investments or business expansion.
- *Proof of Reserves*:
Binance's Proof of Reserves shows 100% coverage of customer assets across 34 crypto assets monitored via Merkle root hash. The platform uses a Merkle tree to allow users to verify their assets within the platform.
