Binance's latest proof of reserves is here Compared to the September data: the ratios for BNB / USDC / XRP / USD1 have slightly decreased, while the BTC / USDT ratio has increased. All remain at 100% or above, so the safety cushion is still solid. Interestingly, Binance users' BTC holdings increased by $536.7 million, while ETH holdings decreased by $498 million — is this a case of 'BTC draining ETH funds,' or 'ETH being heavily withdrawn to on-chain after building positions'? Which scenario do you lean towards?