Bybit’s Proof of Reserves Signals a Major Shift in Crypto Investing
The most recent Proof of Reserves report from Bybit introduces a compelling narrative: as Bitcoin and Ether investments wane, stablecoins are capturing the spotlight. Is the age of cryptocurrency volatility finally ushering in a more cautious, liquidity-focused approach to investing?
Decoding Bybit’s Latest Report
Released on December 17, Bybit’s 29th Proof of Reserves report highlights a telling market shift. According to the data, user holdings of Bitcoin (BTC) plummeted to roughly 63,200 BTC, reflecting a 5.49% dip compared to the previous month. Similarly, Ether (ETH) balances fell by 6.67% to about 536,800 ETH. This trend marks a definitive risk-averse maneuver among traders, who seem to be prioritizing liquidity amid the…
