What Does $2.3B Stablecoin Exodus From Binance and Bybit Mean
Binance and Bybit saw more than $2.3 billion of combined stablecoin outflows over 30 days, roughly $1.55 billion from Binance and $786 million from Bybit, per analyst Darkfost. Falling exchange stablecoin reserves point to shrinking dry powder and thinner liquidity, which analysts say makes it harder for bitcoin to break out of its range.
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