📌 Midday Hotspot 1 | Binance Significantly Reduces Its Own Cryptocurrency Holdings Sparks Debate**

1. **@On-chain Tracker** Statistics show: Binance's own BTC holdings have plummeted from 46,896 coins in January to 2,747 coins (-94.1%), and ETH holdings have dropped from 216,313 coins to 175 coins (-99.9%). The platform appears to have converted assets on a large scale to USDC (holding increased by 57.5% to 1.269 billion coins).

2. **@Shen Yu Analysis** Interpretation: This move aligns with Binance's profit accrual practices at the beginning of the year, similar operations were seen in June 2023 (payment of fines) and February 2024, and caution is needed regarding short-term market liquidity fluctuation risks.

3. **@Macro Strategist** Added: The increase in USDC holdings may be related to expectations of interest rate cuts by the Federal Reserve, making stablecoins a preferred choice for institutional hedging.

💡 **My Interpretation**: The platform's sell-off has limited pressure on coin prices (mainly from its own assets), but attention should be paid to whether the increase in USDC holdings sparks a spreading 'cash is king' sentiment.$USDC $BTC #比特币后市