Binance has maintained a reserve ratio above 100% for 29 consecutive months despite rumors of the crypto exchange selling off a significant portion of its Bitcoin reserve, according to blockchain analytics firm CryptoQuant.

The reserve ratio is a key metric that shows whether an exchange holds enough assets to match customer balances. A ratio above 100% means that Binance has more reserves than the total customer balances on its platform, reducing insolvency risks.

Binance Maintains 100%+ Reserve

CryptoQuant analyst Maartun recently reported that Binance’s total customer balance stands at 633,092 BTC. Out of this, 606,143 BTC is held directly by Binance, while 26,948 BTC is stored as BTCB—a tokenized version of Bitcoin on the BNB Smart Chain—managed via third-party custody.

To verify the accuracy of this data, CryptoQuant cross-references Binance’s reported BTC exchange balances with on-chain Bitcoin network reserves. The figures match, reinforcing the transparency of Binance’s financial disclosures.

The report comes amid speculations that Binance is dumping its BTC holdings for USDC stablecoin. However, the exchange refuted the claims, stating that the move is just part of its standards accounting process. CryptoQuant analysis further reinforces these claims.

“Based on this analysis, Binance’s proof-of-reserve data appears healthy. Since they started publishing reports following the FTX collapse, their reserves have remained consistently above 100%. Despite the recent FUD on Crypto Twitter, there seems to be no cause for concern,” Maartun stated.

Binance started publishing proof-of-reserve (PoR) reports in late 2022 following the collapse of FTX. The FTX implosion, which unfolded in November 2022, revealed significant mismanagement of customer funds, prompting Binance and other exchanges to adopt PoR as a transparency measure to rebuild user trust.

Trusted Liquidity Hub

In another development, Binance has emerged as the top centralized exchange for crypto outflows, processing over a quarter of all BTC and nearly half of ETH withdrawals this month.

According to CryptoQuant, 6.40 million ETH were withdrawn from centralized exchanges in early March, with Binance accounting for 46% of those outflows. Similarly, 496,000 BTC left exchanges, with 27% coming from Binance.

While these numbers might initially raise concerns, analysts believe they reflect institutional accumulation, strategic asset reallocation, and confidence in Binance as a liquidity hub for large holders and institutions.

TL;DR

• Industry participants suggest Ethereum’s rebound from $2K could mark the start of a major uptrend, with some predicting a surge to new all-time highs above $8,000 in the coming months.

• Despite bullish momentum, ETH’s rising RSI and increasing exchange inflows indicate potential selling pressure, hinting that another correction might be on the horizon.

New Bull Run Incoming?

The second-largest cryptocurrency in terms of market capitalization has been one of the big disappointments of the latest bull run.

The price briefly surged past $4,000 in December last year and has been on a massive decline ever since. Earlier this month, ETH collapsed below $1,800 for the first time since October 2023.

The pain for the bulls continued as the price remained below $2,000 in the past week or so. Several hours ago, though, the valuation finally reclaimed the psychological level, registering a 7% increase on a daily scale.

This triggered speculation from numerous market observers that the bearish trend could soon be replaced by a period of serious resurgence. 

The X user Jelle claimed that ETH has bounced “right where it matters” at the key support of $2K. The analyst suggested that the price now has the potential to turn this into “a solid reclaim or a bearish retest.”

Rekt Capital also noted the price revival. They assumed a possible “strong reaction here” could fuel a rally to the macro range of $2,196-$3,900. 

“If ETH does this before the March Monthly Close, then this entire sub-$2200 downside would end up as a downside wick,” they forecasted.

Last but not least, Crypto Patel described the sub-$2,000 zone as “a massive buying opportunity for those looking at long-term gains.” They also predicted that ETH could rise to a new all-time high of over $8,000 in the following months. 

Not so Fast…

Despite the bullish projections following the rally above $2K, some key factors signal that a new pullback is also possible.

ETH’s Relative Strength Index (RSI), for instance, has climbed to the bearish zone of 70. The technical analysis tool measures the speed and change of price movements, and readings above this level suggest that the asset might be overbought and headed toward a potential correction.

Ethereum’s exchange netflow should also be mentioned. Over the past week (according to CryptoQuant), inflows have surpassed outflows, signaling a potential shift from self-custody methods toward centralized exchanges. This, in turn, increases the immediate selling pressure.

The past 48 hours saw quite a few interesting developments, and in the following section, we will summarize the most important Ripple (XRP) news from that period.

Ripple Mints $25 Million Worth of RLUSD

As CryptoPotato reported, Ripple minted a whopping 15% of RLUSD’s total supply (roughly $25 million coins) in one go earlier this week. This expanded the circulating supply to around $170 million, the vast majority of which is still running on Ethereum and not on Ripple’s native protocol – the XRP Ledger (XRPL).

The move had no effect on XRP’s price, which remained mostly flat during the previous days. A small increase of around 1.6% was noted, which is more or less in line with that of the rest of the market.

1.7 Million XRP Payments Made in a Day

March 17th was also a good day for the XRP ledger, which processed a considerable number of payments—1.7 million, to be precise. This number has dropped to around 900K at the time of this writing, but it is still a good quantity.

The number of payments signals and shows usability for the XRPL, which is critical for its future development. It shows that the ledger is not a ghost chain and is being used actively and regularly.

Ripple v. SEC Lawsuit Speculations

Undoubtedly, the outcome of the lawsuit between Ripple and the US Securities and Exchange Commission will impact the XRP price and the broader market in general.

To this point, there are growing speculations that Paul Atkins will become the next chairman of the agency, and XRP supporters believe that this could be the final push for the lawsuit to be resolved in a positive manner.

Attorney Fred Rispoli, who frequently comments on the legal clash between the two entities, believes that the lawsuit will be over before April 16th. This is the date associated with the firm’s scheduled filing of its appellate brief.

Ripple (XRP) Price Prediction: Important Level

Circling back to XRP’s price, one popular crypto analyst has put forth his prognosis for the future trajectory of the asset.

Ali Martinez believes that, at present, XRP is “testing the waters.” However, he warns that there’s a critical level that must hold to prevent a drop that could take the price down to $1.6.

“XRP is testing the waters! Below $2, a gap with no significant support could pull it to $1.6.”

$XRP testing the waters! Below $2, a gap with no significant support could pull it to $1.60. pic.twitter.com/m85sXJGVCr

— Ali (@ali_charts) March 18, 2025