OKX has released its 37th Proof of Reserves report, highlighting a significant increase in user Bitcoin and stablecoin holdings captured in the November 19 snapshot. The exchange continues to provide monthly audits as part of its transparency framework, offering users insight into asset flows across their platform. This latest report reveals that Bitcoin balances climbed above 130,000 BTC, with a notable 3.15% increase from October 8th, demonstrating strong accumulation by the exchange during periods of rising market confidence and increased institutional activity. Ethereum reserves experienced a slight decline, dropping by 0.73%, resulting in a net decrease of 11,848 ETH. This change suggests a potential shift in user positioning amid recent volatility surrounding staking yields and Layer 2 incentives. On the stablecoin front, USDT holdings expanded by over $700 million in November, surging to $10.73 billion from $10.01 billion. This surge indicates heightened demand for liquidity and dollar-pegged assets on the platform, reflecting broader market trends. OKX’s latest reserves signal ongoing user accumulation of both Bitcoin and stablecoins as year-end approaches, demonstrating continued confidence in the crypto ecosystem despite a volatile landscape.