OKX 43rd Proof of Reserves: BTC, ETH User Balances Fall
BTC user balances fell 5% and ETH dropped 3.12% in the May 7 snapshot, even as USDT holdings crept higher — a divergence the market will read as a rotation signal.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
BTC user balances fell 5% and ETH dropped 3.12% in the May 7 snapshot, even as USDT holdings crept higher — a divergence the market will read as a rotation signal.
The dollar figure is rounding-error size, but the precedent isn't: the company just used a slice of its 843,706 BTC stack to pay preferred-stock holders, and the per-coin exit was above its blended…
Strategy — the Michael Saylor-led firm that has made Bitcoin accumulation the centerpiece of its corporate identity —…
3.9K $BTC (≈283.7M) moved from unknown wallet to unknown wallet.
705 $BTC (≈51.3M) moved from Coinbase Institutional to unknown wallet.
Holding the rate — and keeping the preferred near $100 par — is the structural tell: it preserves Strategy's ATM issuance runway, which is the engine funding every incremental bitcoin buy.
The decoupling cuts both ways: IGV has reclaimed its 200-day moving average while BTC trades 10% below its own, and the two prior episodes of similarly low correlation preceded Bitcoin's runs to $70K…
The macro overhang masks a split tape: spot ETFs bled a record $2.97B over ten days, but futures basis and stable OI point to institutional risk appetite quietly stabilizing underneath.
912 $BTC (≈66.5M) moved from #Binance to #Ceffu.
The chart pattern matches 2018 and 2022: BTC tagged the 200-day moving average, got rejected, and slid back under — a setup that historically resolved with a retest of February lows before any real…
Two newly created wallets withdrew 984 BTC — worth approximately $72 million — from BitGo custody within the past hour…
A top Wall Street bank's base case puts tokenized real-world assets on a path to grow roughly 320x in five years, with stablecoin issuers alone soaking up $1T of U.S. Treasury demand.
The $2.97B withdrawn from US spot Bitcoin ETFs over ten straight sessions is the longest such streak on record — and rising oil plus stalled US-Iran talks are keeping bid-side risk off the table.
Ten straight sessions of redemptions — headlined by a $733M single-day exit on May 27 — broke the prior record of eight sessions set earlier this year, even as global equities ripped on the…
After a two-year regulatory exit, Coinbase is back with FIU-IND registration, rupee bank deposits via IMPS, dedicated INR order books, and perps — the cleanest re-entry any US exchange has pulled off…
A third straight week of redemption pressure hit spot BTC and ETH vehicles simultaneously, while SOL, XRP and HYPE products quietly printed inflows — the divergence is the story.
Jerome Powell has issued a stark warning that granting the president power to dismiss Federal Reserve officials over…
HODL conviction is rebuilding on the holder-side data while a DeFi perps venue outpaces Nasdaq on throughput — a stack of structural signals pointing to where the next leg of crypto flows could land.
The June 1 IMPS integration cuts P2P intermediaries out of the funding loop for India's $3B crypto market — and FIU-IND registration signals Coinbase is finally settling the regulatory score from its…
The 'Rich Dad Poor Dad' author frames the long-running gold-vs-Bitcoin feud as a sales pitch, and points investors past both toward the Federal Reserve as the real enemy.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
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