#openledger $OPEN Open is up 2.59%, and will it pump even higher to its all-time high? Get ready with the global market currently in a bullish phase where Open coin meets the criteria to perform better and become a moonshot.
#BTC has already hit the price of 74,700. Is this the end? Not a chance, we're heading deeper to 72k-71k, and all the elite global investors will jump in. Is BTC poised to rally again? 🔥🔥🔥
#BTC has already hit the price of 74,700. Is this the end? Not a chance, we're heading deeper to 72k-71k, and all the elite global investors will jump in. Is BTC poised to rally again? 🔥🔥🔥
Binance Releases May Proof of Reserve Update, BTC Reserve Ratio Reaches 100.22%
Binance has released its May proof of reserve update. As of May 1st, users' net BTC balance stood at 606,742.388 BTC, while Binance's wallet balance was 608,067.979 BTC, resulting in a BTC reserve ratio of 100.22%. Additionally, users' net ETH balance was 3,762,321.834 ETH, with Binance's wallet balance at 3,762,328.82 ETH, giving an ETH reserve ratio of 100%. The USDT reserve ratio was 104.27%, and the BNB reserve ratio was 101.68%.
Bitcoin has surged beyond the horizontal supply zone with strong trading volume, converting that area into a new support level. The Ichimoku Cloud is also providing a supportive base, further strengthening the bullish setup.
That said, the 200-day moving average remains a critical resistance overhead. A decisive break above the 200MA, backed by significant volume, would likely trigger the next leg of bullish momentum in the market.