The post Crazy Ethereum Liquidity Crunch Spotted on OKX appeared on BitcoinEthereumNews.com. OKX exchange has released its latest proof-of-reserve (PoR) report that shows a dip in users’ Ethereum holdings. According to the report, assets like Bitcoin and Tether (USDT) saw a significant jump, while Ethereum declined month-on-month. Ethereum liquidity crunch incoming? OKX released the 37th proof-of-reserve report to maintain its transparency, a new normal among top crypto exchanges. According to the PoR report, OKX users’ Bitcoin holdings reached 130,439 BTC, a 3.15% surge from the 126,451 BTC recorded in September. Likewise, the USDT reserve jumped by 7.16% from 10,015,149,297 tokens in September to 10,731,848,196 USDT this month. This figure leaves a variation of 716,698,899 USDT, per the report. OKX has released its 37th Proof of Reserves (snapshot on Nov. 19). User BTC holdings reached 130k BTC, up 3.15% from Oct. 8 (+3,988 BTC). ETH holdings dipped 0.73% to 1.61m ETH (–11,848 ETH). USDT holdings rose 7.16% to 10.73b USDT (+717m USDT). https://t.co/xrIKKIm7Ut pic.twitter.com/t76x1FO0rt — Wu Blockchain (@WuBlockchain) November 29, 2025 However, Ethereum holders saw an 11,848 ETH shortfall as the 1,622,674 ETH recorded in September dropped to 1,610,826 ETH in the current month. The shortfall in Ethereum could come as a result of different reasons. While OKX users may be moving their assets to cold storage, it could also be that ETH holders are converting to stablecoins. Either way, the quantity of Ethereum on the trading platform is shrinking, a reality which, if spread to other trading platforms, can have a net benefit on ETH in the long term. Good time for ETH liquidity crunch That the amount of Ethereum on OKX is declining is a good omen in view of the coming Fusaka upgrade on Dec. 3. You Might Also Like This update is billed to shift the paradigm in enhancing user experience and scalability on the broader Ethereum network. Going by past precedence,… The post Crazy Ethereum Liquidity Crunch Spotted on OKX appeared on BitcoinEthereumNews.com. OKX exchange has released its latest proof-of-reserve (PoR) report that shows a dip in users’ Ethereum holdings. According to the report, assets like Bitcoin and Tether (USDT) saw a significant jump, while Ethereum declined month-on-month. Ethereum liquidity crunch incoming? OKX released the 37th proof-of-reserve report to maintain its transparency, a new normal among top crypto exchanges. According to the PoR report, OKX users’ Bitcoin holdings reached 130,439 BTC, a 3.15% surge from the 126,451 BTC recorded in September. Likewise, the USDT reserve jumped by 7.16% from 10,015,149,297 tokens in September to 10,731,848,196 USDT this month. This figure leaves a variation of 716,698,899 USDT, per the report. OKX has released its 37th Proof of Reserves (snapshot on Nov. 19). User BTC holdings reached 130k BTC, up 3.15% from Oct. 8 (+3,988 BTC). ETH holdings dipped 0.73% to 1.61m ETH (–11,848 ETH). USDT holdings rose 7.16% to 10.73b USDT (+717m USDT). https://t.co/xrIKKIm7Ut pic.twitter.com/t76x1FO0rt — Wu Blockchain (@WuBlockchain) November 29, 2025 However, Ethereum holders saw an 11,848 ETH shortfall as the 1,622,674 ETH recorded in September dropped to 1,610,826 ETH in the current month. The shortfall in Ethereum could come as a result of different reasons. While OKX users may be moving their assets to cold storage, it could also be that ETH holders are converting to stablecoins. Either way, the quantity of Ethereum on the trading platform is shrinking, a reality which, if spread to other trading platforms, can have a net benefit on ETH in the long term. Good time for ETH liquidity crunch That the amount of Ethereum on OKX is declining is a good omen in view of the coming Fusaka upgrade on Dec. 3. You Might Also Like This update is billed to shift the paradigm in enhancing user experience and scalability on the broader Ethereum network. Going by past precedence,…

Crazy Ethereum Liquidity Crunch Spotted on OKX

2025/11/29 21:25

OKX exchange has released its latest proof-of-reserve (PoR) report that shows a dip in users’ Ethereum holdings. According to the report, assets like Bitcoin and Tether (USDT) saw a significant jump, while Ethereum declined month-on-month.

Ethereum liquidity crunch incoming?

OKX released the 37th proof-of-reserve report to maintain its transparency, a new normal among top crypto exchanges.

According to the PoR report, OKX users’ Bitcoin holdings reached 130,439 BTC, a 3.15% surge from the 126,451 BTC recorded in September.

Likewise, the USDT reserve jumped by 7.16% from 10,015,149,297 tokens in September to 10,731,848,196 USDT this month. This figure leaves a variation of 716,698,899 USDT, per the report.

However, Ethereum holders saw an 11,848 ETH shortfall as the 1,622,674 ETH recorded in September dropped to 1,610,826 ETH in the current month.

The shortfall in Ethereum could come as a result of different reasons. While OKX users may be moving their assets to cold storage, it could also be that ETH holders are converting to stablecoins.

Either way, the quantity of Ethereum on the trading platform is shrinking, a reality which, if spread to other trading platforms, can have a net benefit on ETH in the long term.

Good time for ETH liquidity crunch

That the amount of Ethereum on OKX is declining is a good omen in view of the coming Fusaka upgrade on Dec. 3.

You Might Also Like

This update is billed to shift the paradigm in enhancing user experience and scalability on the broader Ethereum network. Going by past precedence, where the ETH price takes off after a significant upgrade, the likelihood of higher demand for Ethereum is higher in the weeks ahead.

If this prediction plays out and the current ETH drain is sustained, the demand can push the price of ETH up in a significant way.

As of writing, ETH was changing hands for $2,997, down by 1.88% in 24 hours, according to CoinMarketCap data. With the $3,000 level forming the most significant support and resistance, sustaining the level can shift the price of ETH in the long term.

Source: https://u.today/crazy-ethereum-liquidity-crunch-spotted-on-okx

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
Share
BitcoinEthereumNews2025/09/18 02:21