In its 32nd proof-of-reserves report, OKX highlighted a decline in user-held Bitcoin, which fell by approximately 3.48% from May to June. In contrast, Ethereum holdings increased significantly, indicating user preference for ETH in the current market scenario.
The report underscores that OKX maintains reserves exceeding user deposits for both Bitcoin and Ethereum. Users may be withdrawing Bitcoin for cold storage or trading it for alternatives due to varying market conditions.
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