Binance reserves fell by $236M last week, data shows

According to data from ChainCatcher, Binance's reserves decreased by approximately $236 million last week. ChainCatcher noted this was the largest decline among major centralized exchanges that provide Proof of Reserves. Gate.io followed with a decrease of $98.43 million, and Deribit's reserves fell by $72.20 million. In contrast, reserves at Bybit increased by $393 million, Bitget by $342 million, and HTX by $13.14 million. Among the top 10 exchanges, Gemini was the only one to see a decrease in its BTC wallet balance, the data showed.