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Binance and Bybit Record Over $2.3 Billion in Stablecoin Outflows
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Binance and Bybit saw more than $2.3 billion in combined stablecoin outflows over the past 30 days, including about $1.55 billion from Binance and $786 million from Bybit. The decline in exchange stablecoin reserves suggests weaker market liquidity and lower demand for crypto trading. Reduced liquidity may limit Bitcoin’s ability to sustain a breakout from its current trading range. Investors will continue monitoring stablecoin flows as a key indicator of market sentiment and liquidity.
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