<ul data-eligibleForWebStory="true"><li>User balances on Bybit for Bitcoin (BTC) and Ethereum (ETH) have increased, indicating higher confidence in core crypto assets.</li><li>BTC holdings rose by 884 BTC (1.67% increase) to 53,906 BTC, while ETH holdings surged by 37,168 ETH (6.09% increase) to 646,987 ETH.</li><li>This growth in BTC and ETH balances suggests a preference for major assets amidst market volatility and regulatory concerns over stablecoins.</li><li>Conversely, USDT reserves experienced a significant decline, dropping by 7.44% ($386 million loss) to around $4.80 billion.</li><li>The decrease in USDT holdings could be linked to user withdrawals, asset swaps, or caution due to market uncertainty and geopolitical risks.</li><li>Bybit's native token MNT saw a modest uptick of 2.10%, increasing from 475.5 million to 485.5 million.</li><li>Snapshot Summary – June 19, 2025 (vs May 23):</li><li>BTC: ▲ +884 BTC (+1.67%)</li><li>ETH: ▲ +37,168 ETH (+6.09%)</li><li>USDT: ▼ -$386M (-7.44%)</li><li>MNT: ▲ +9.99M MNT (+2.10%)</li></ul>

Bybit’s June Proof of Reserves: BTC and ETH Rise, USDT Drops Sharply

Discover more