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User Bitcoin holdings rise over 10% on Bybit and OKX, while USDT stablecoin balances drop significantly.

Market News
29 Jun 2026
Crypto news
View Source
Bullish
pluang ai news

Bybit and OKX reported over 10% increases in user Bitcoin holdings in their latest Proof of Reserves reports, with Bybit at 49,309 BTC and OKX at 123,056 BTC. Meanwhile, USDT stablecoin balances fell by 4.12% on Bybit and 9.52% on OKX, indicating a shift from stablecoins to Bitcoin or other assets. Ethereum balances showed mixed trends, decreasing on Bybit but increasing on OKX. These changes reflect shifts in user asset allocation but do not directly prove buying or selling activity. Proof of Reserves reports provide transparency on exchange liquidity and user holdings but should be interpreted cautiously as snapshots rather than trade-level data.

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