Binance Cuts Bitcoin Reserves by 570 BTC ($69.5M) in October — Holdings Fall to 20,686 BTC

According to COINOTAG News on October 8, the Binance reserve report documents a month‑over‑month reduction of about 570 BTC, leaving Binance with a net holding of 20,686 BTC. The report applies a $122,000 per‑BTC valuation, which implies a reported net divestment near $69.54 million based on that assumption. The same filing shows Ethereum holdings contracted from 113 ETH in September to just 3 ETH at the start of October. Conversely, USDT holdings expanded materially, rising by roughly $1.1 billion to a reported $2.08 billion. These documented balance‑sheet movements are presented without commentary on strategy, serving as reported snapshots of Binance’s disclosed custody and stablecoin positions rather than forward‑looking guidance.