I always read November transparency reports carefully, but I think this month's report is a bit more important.

The reason is simple: The market still operates on trust, and now it's about “data” rather than “words.”

The points that especially caught my attention in the report are:
– Regular updates of reserve proofs
– Clear distinction between user assets and company assets
– Transparent sharing of cold wallet distribution
– Numerical explanations on risk control and liquidity management

These may sound technical, but practically they say:
“Is the exchange prepared for stressful scenarios or not?”

For me, such reports alone are not the sole reason for a rise or fall.
But they seriously influence which platform I will be active on and where I will stay long-term.

Prices fluctuate in the short term, sentiment changes.
In the long term, those who survive are the ones who maintain this kind of transparency habit.

That's how I see it.