Binance’s Proof Absorption Strategy highlights the move from BTC to ETH

Binance released its 31st Proof of Absorption (POR) snapshot as of June 1, showing slight changes in user holdings across top assets. The numbers reflect everyday market adjustments, but provide a pulse of investors’ sentiment heading into mid-2025.

BTC down, ETH UP, USDT slightly lower

According to the report, Binance users collectively hold 593,000 BTC, representing a 1.82% decline since May 1. In contrast, Ethereum Holding has grown by 1.05% to 5.337 million ETH, indicating small investors’ trust in ETH despite recent market turbulence. The USDT balance is a mild DIP of 0.77%, with a total of 28.83 billion people currently showing a decline of $223 million over the past month.

These figures come amidst market fluctuations and the continued demand for transparency from major exchanges. Binance remains globally and globally for the second largest Crypto Reserve Holder, with around $110 billion across BTC, ETH, USDT and USDC. Coinbase remains the leading pack in custody of $129 billion, as mentioned in a previous report.

BNB falls below $650 after reporting

Following the update, Binance’s native token BNB is trading at $649.89 despite having a modest profit of 0.15% over 24 hours. The lower price suggests that investors are carefully digesting the report despite Binance continuing to show strong reserve support.

POR continues to lock down trust

This update is part of Binance’s ongoing push to strengthen transparency and user trust after a period of disruption in the industry. While no major red flags have surfaced, these figures will closely monitor the rebound of regulations as scrutiny and trading activity will recover later this year.

Binance’s consistency in publishing POR reports shows that it is clearly intended to stay ahead of trust.