Bitcoin Stablecoin Liquidity Signals Caution as Binance Reserve Slides

TLDR: Binance holds $41.2B in USDT, but the ERC-20 book is at the 23.5th percentile of its 30-day range. Combined 30-day USDT netflows across ERC-20 and TRC-20 at Binance total approximately -$1.27 billion.  The MA7 flipped to +$120M on June 5 before cooling to neutral by June 8, signaling deceleration. KuCoin and Bitget show TRC-20 [...]

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