OKX Reserve Data Shows BTC and ETH Outflows as USDT Demand Grows
0
0
- OKX user BTC holdings fell 11.93% as exchange reserves stayed fully backed at 106%.
- Ethereum balances dropped 8.19%, showing weaker user exposure during market pressure.
- USDT holdings rose 0.73%, signaling defensive positioning and available liquidity.
OKX’s latest Proof of Reserves report shows a clear shift in user positioning, with Bitcoin and Ethereum balances falling sharply while USDT holdings moved higher. The April 20 snapshot suggests more users on the exchange reduced direct exposure to major crypto assets and increased stablecoin liquidity during a volatile market period.
According to OKX’s official Proof of Reserves dashboard, BTC account assets stood at 117,039 BTC, while OKX wallet assets totaled 123,674 BTC. That gave the exchange a 106% Bitcoin reserve ratio, meaning OKX-controlled BTC remained above customer BTC liabilities.
Source:X
…Read The Full Article OKX Reserve Data Shows BTC and ETH Outflows as USDT Demand Grows On Coin Edition.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
0
0
0
0