According to statistics from Glassnode that were examined by CryptoAnnals, the Proof of Reserves (PoR) for both Bitcoin (BTC) and Binance USD (BUSD) have decreased by around $3.45 billion and $472.86 million respectively over the course of the past twenty-four hours.
During the same timeframe as before, about $1.86 billion worth of USD Coin (USDC) and Tether came into Binance PoR within that same time period (USDT). Additionally, a marginal fall in Ethereum (ETH) prices was noticed.
As can be seen in the data provided by Glassnode below, the entire value of Binance’s proof-of-receipt USD holdings is now less than $40 billion. This demonstrates a significant dip from the beginning of the year and a reduction in PoR holdings of nearly $13.2 billion during the month of September.
Both the exchange balance holdings and the BTC PoR holdings on Binance experienced a precipitous drop towards the end of November. At the end of November, the total amount of BTC held in PoR was 555,261 BTC, while the total amount held in exchange was 656,361 BTC.
