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   <li><strong>A crypto Twitter user tweeted yesterday that Huobi’s BTC collateral is getting dangerously low.</strong></li> 
   <li><strong>The post also warned that a bank run may be on the cards if Huobi does not increase its reserves soon.</strong></li> 
   <li><strong>At press time, BTC was trading at $30,351.14 after a 24-hour loss of 1.35%.</strong></li> 
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  <p>Analyst Willy Woo revealed in a tweet yesterday that Huobi’s <a href="https://coinedition.com/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> collateral is “starting to look dangerously low.” Furthermore, he warned that the exchange may be at risk of a bank run soon.</p> 
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    <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
     <p lang="en" dir="ltr">Hourly prints here in this chart. <a href="https://t.co/m7ytUaS5Q1" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/m7ytUaS5Q1</a></p>— Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1678979519250829312?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 12, 2023</a> 
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    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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    <img decoding="async" width="1494" height="918" src="https://coinedition.com/wp-content/uploads/2023/07/Huobi-1.png" alt="" class="wp-image-307122" srcset="https://coinedition.com/wp-content/uploads/2023/07/Huobi-1.png 1494w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-300x184.png 300w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-285x175.png 285w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-380x233.png 380w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-768x472.png 768w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-638x392.png 638w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-114x70.png 114w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-145x89.png 145w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-233x143.png 233w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-724x445.png 724w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-402x247.png 402w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-391x240.png 391w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-269x165.png 269w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-343x211.png 343w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-301x185.png 301w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-132x81.png 132w, https://coinedition.com/wp-content/uploads/2023/07/Huobi-1-122x75.png 122w" sizes="(max-width: 1494px) 100vw, 1494px"> 
    <figcaption class="wp-element-caption"> <em>Huobi reserves (Source: Twitter)</em> 
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  <p>In the post, Woo revealed that the exchange’s reserves have been in a decline over the past few weeks. At the start of the year, Huobi’s reserves stood at more than $40K. Since then, however, the total has dropped below $20K.</p> 
  <p>In related news, the BTC’s price stood at $30,351.14 at press time according to CoinMarketCap. This was after it had dropped approximately 1.35% over the past 24 hours. This negative daily performance dragged the market leader’s weekly performance into the red as well. As a result, the crypto was down 0.89% over the …</p> 
  <p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/huobis-btc-collateral-is-dangerously-low-on-chain-data/">Huobi’s BTC Collateral Is Dangerously Low: On-Chain Data</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>
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Huobi’s BTC Collateral Is Dangerously Low: On-Chain Data

Coin Edition

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