Amr Taha2026-09-29

Binance BTC Reserve Falls 23K in a Week as ETH Drops 110K, USDT Stays at $38.1B

Bitcoin and Ethereum reserves on Binance declined almost in parallel in late September, while the exchange’s USDT reserve remained elevated at $38.1 billion. Bitcoin reserves fell from about 701,000 BTC on Sept. 21 to 678,000 BTC on Sept. 28, a decline of roughly 23,000 BTC, or 3.3% in one week. The move also reversed the latest buildup above the 700,000 BTC mark. Ethereum followed the same pattern, with reserves falling from around 3.65 million ETH on Sept. 19 to 3.54 million ETH on Sept. 28. That represents a decline of about 110,000 ETH, or 3.0%. The parallel contraction across BTC and ETH stands out because USDT reserves did not fall at the same pace, remaining near the $40 billion area. This creates a clear divergence in Binance’s reserve mix: crypto-asset balances are shrinking while dollar-linked liquidity remains comparatively high. With BTC and ETH balances falling together while USDT remains elevated, the next key signal is whether that stablecoin liquidity stays idle or begins to translate into spot demand.