Binance suspected of significantly reducing its BTC and ETH positions in January and converting most assets into USDC
According to online reports, according to statistics from Crypto KOL AB Kuai.Dong, Binance significantly reduced the platform's own BTC and ETH positions in January, and converted most of its assets into stable currency USDC. Among them, BTC positions dropped from 46,896 to 2,747 (a decrease of 94.1%), ETH positions dropped from 216,313 to 175 (a decrease of 99.9%), SOL positions decreased by 99%, and USDT positions were almost cleared (a decrease of 99.9%). In contrast, BNB's reduction ratio was lower, only 16.6%, from 5.839 million to 4.869 million, with a changing value of approximately US$615 million. At the same time, Binance's USDC positions increased by 57.5%, from 805 million to 1.268 billion, an increase of US$463 million. The data comes from the Binance Reserve Certificate, which mainly involves the platform's own funds rather than user deposits. Analysts believe that this move may be to adjust the asset structure, enhance liquidity, or prepare for future supervision and market fluctuations. Some users also claimed that the high probability of reducing their holdings was in order to pay fines to US regulators.
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