Bybit and OKX Report Bitcoin Holdings Surge as USDT Drops

Proof-of-reserves data from Bybit and OKX shows a notable increase in user Bitcoin holdings on both platforms.

On Bybit, the June 24 snapshot recorded 49,309 BTC, marking a 10.22% rise. However, its Ethereum and stablecoin reserves moved lower, with ETH falling to 496,565 (-10.13%) and USDT decreasing to 5.319 billion (-4.12%).

A similar pattern appeared on OKX. Its June 19 report showed BTC holdings climbing to 123,056, up 10.67%. At the same time, ETH increased to 1.652 million (+6.15%), while USDT balances declined to 9.268 billion (-9.52%).

Source: Wu Blockchain