22 hours ago

Binance and Bybit Lose $2.3B in Stablecoins as Crypto Liquidity Weakens and Bitcoin Struggles to Break Higher

TL;DR Binance and Bybit lost nearly $2.3 billion in stablecoin reserves over the past 30 days. Binance recorded approximately $1.55 billion in outflows, while Bybit lost around $786 million. Declining stablecoin reserves suggest weaker incoming liquidity and reduced buying power. Bitcoin’s inability to sustain moves above key levels is being linked to a lack of [...]

The post Binance and Bybit Lose $2.3B in Stablecoins as Crypto Liquidity Weakens and Bitcoin Struggles to Break Higher appeared first on Blockonomi.

Source: Blockonomi →