Binance: Latest Proof-of-Reserve report paints a bleak picture for the exchange

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Binance: Latest Proof-of-Reserve report paints a bleak picture for the exchange
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Binance was at the forefront of the call for POR when the FTX crash happened. Its latest report has, however, shown a decline in user deposits.

price trend has been relatively stagnant in recent weeks. At the time of writing, it was experiencing losses and continued the downward movement observed in the previous trading session.The current price was hovering around $242, with significant support provided by its short Moving Average .

Furthermore, the Relative Strength Index indicated that BNB has been unable to break out of its bearish trend. The RSI was slightly below the neutral line at the time of writing, suggesting that the market sentiment was leaning toward the bearish side.

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