Binance has submitted its April reserve report card, with stable figures but details worth paying attention to. BTC reserve rate is 100.03%, ETH reserve rate is 100.00%, USDT reserve rate is 105.62%, BNB reserve rate is 100.96% - all major assets maintain full coverage. The biggest highlight of this month is that PAXG has been listed for the first time. The gold token issued by Paxos has been included in the proof of reserve, bringing the total number of assets included in Binance's statistics to 49. In the current period of intense fluctuations in gold prices, this timing is quite subtle. But there is a set of data behind the numbers that needs to be noted. Compared to the March report, the BTC held by users on the platform decreased by about 12194, equivalent to about 840 million US dollars; ETH decreased by approximately 178068 coins, equivalent to approximately $374 million. Two user assets totaling over 1.2 billion US dollars have flowed out of the platform. This is not necessarily a negative signal - it is normal for users to withdraw coins and transfer them to self managed wallets, and market downturns are more common. But the scale is not small, and it is worth continuously observing the trend in the following months. The reserve rate meets the standard, and funds are flowing out. Two things are true at the same time.