Binance reserves drop $8B but remain near all-time high

Binance's reserves have decreased by approximately $8 billion across major assets including BTC, ETH, and USDT, according to a post on X by CryptoQuant Senior Analyst Julio Moreno. He explained that while the reserves have fallen, the situation is not unusual, noting that they had increased by nearly $14 billion just a few weeks ago. Moreno added that Binance's total reserves stand at $135 billion, a figure that remains at an all-time high level.