Binance BTC reserves climb to 687,000 as shrinking stablecoin balances suggest distribution pressure building despite August rally

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Binance's bitcoin reserves reached 687,000 BTC, the highest this year, as exchange balances rise during the August rally.

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2 Bloomberg: In #foreign-exchangereserves, it held at 20% — a third of that for the #USD. The analysis comes as European officials spot an opportunity to chip away at USD’s international dominance, w confidence in the US waning due to Trump’s erratic policymaking since returning to the presidency 🧵