A post by @WuBlockchain on X.
OKX's 49th Reserve Report Shows Rising BTC and ETH Holdings, Falling USDT Balances
@WuBlockchain on X
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OKX released its 49th proof-of-reserves report, with a November 1 snapshot showing user Bitcoin holdings rose 9.66% from October 3 to 156,609 BTC, an increase of 13,800 BTC. Ethereum holdings climbed 2.95% to 1.92 million ETH, up 54,879 ETH, while USDT holdings fell 9% to 7.96 billion tokens, down approximately 787 million USDT. OKB holdings edged down 0.08% to 19.68 million tokens. The shift suggests users are rotating out of stablecoins into BTC and ETH, potentially signaling growing risk appetite or accumulation behavior among OKX customers. The rising BTC and ETH balances also strengthen the exchange's reserve position in major assets, a metric closely watched after past exchange collapses. Market watchers will monitor whether the USDT outflow continues in the 50th report and whether holdings translate into broader exchange flows across other venues.
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Named in this story
OKX, Ethereum (ETH), Bitcoin (BTC), USDT
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