Every Zipp story tagged #ProofOfReserves, newest first.
The rotation is the story: customers are pulling USDT off two of the world's largest venues and redeploying into native BTC, a flow mix that tracks with the broader move up in price.
BTC up 25,838 and ETH up 382,619 in a month, while USDT slid 1.3% — net deposits on the largest venue by users are still positive in the middle of 2026.
The flagged USDC and USDT are issued on JuCoin's own JuChain — the same closed-loop tokens that won't drain anywhere if withdrawals stay frozen.
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 drop is concentrated in BTC and ETH while USDT balances ticked higher — a rotation pattern consistent with users trimming volatile exposure and parking in stablecoins rather than mass withdrawals.
The disclosure lands alongside Strategy's 3,273 BTC buy and five straight sessions of spot ETF inflows — a triple-stack of corporate and institutional bids tightening the float just as $BTC tests…
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