A leading exchange has recently announced the 38th Asset Reserve Proof (snapshot taken on December 11). Data shows that the platform's BTC holdings are approximately 130,000 coins, an increase of 68 coins compared to mid-last month, a growth of 0.05%. The update on ETH is more notable, with user assets reaching 1,645,200 coins, an increase of 34,431 coins from the previous period, a growth of 2.14%. The growth of stablecoin USDT is the most eye-catching—user holdings reach 11.185 billion coins, an increase of about 450 million coins from the previous period, a growth of 4.23%. From this report, it is clear that the platform's stablecoin reserves are continuously being replenished, which more or less reflects users' demand for market allocation in the future, especially since the growth rates of ETH and USDT are significantly higher than BTC, warranting attention to potential changes in market structure.