Binance Reserves Stay Strong as BTC Inflows Surge
Binance has released updated proof-of-reserves data, confirming that its reserves for all major assets remain above 100%. While most assets maintained strong ratios, BNB, USDC, XRP, and USD1 saw slight declines. Notably, Bitcoin (BTC) and Tether (USDT) ratios improved, reflecting recent market movements.
The exchange reported a significant inflow of $536.7 million in Bitcoin, offset by a $498 million reduction in Ethereum (ETH) holdings. This shift has raised speculation about whether investors are rotating capital into Bitcoin or whether ETH holdings are simply being moved on-chain.
Ethereum is currently trading at $2,714.28 within its Bollinger band, with upper resistance at $2,730.99. The neutral Relative Strength Index (RSI) reading of 53.91, combined with a MACD golden cross, suggests any upward push may face resistance before retracing to the EMA50 support at $2,696.62. These technical indicators are shaping current ETH price prediction models amid ongoing market rotations.