Binance June Reserve Report Shows Significant Increase in Bitcoin Holdings Amid Altcoin Divestment

According to the latest reserve report released by Binance in June, the exchange has strategically increased its holdings in Bitcoin (BTC) and the stablecoin USDC compared to the previous month. This move underscores Binance’s focus on maintaining liquidity in top-tier digital assets. Conversely, the report highlights a notable decline in Ethereum (ETH) and Binance Coin (BNB) reserves, with ETH experiencing a substantial reduction. Additionally, Binance continues to reduce its exposure to other altcoins such as Solana (SOL) and Ripple (XRP). This trend suggests a deliberate portfolio adjustment favoring core cryptocurrencies and stablecoins, reflecting a cautious stance amid market volatility. Investors and market analysts should monitor these shifts as they may signal evolving risk management strategies within major crypto exchanges.