PANews|Jul 09, 2026 08:09
[Analysis: Binance Stablecoin Outflows Exceed $1 Billion in 30 Days, Market Buffering Capacity Declines]
CryptoQuant posted on Platform X, stating that Binance is experiencing structural outflows of stablecoins. Over the past 30 days, USDC holdings have dropped from $5.75 billion to $4.6 billion, a decline of approximately 21.6%. On June 26 and July 7, USDT-ETH saw massive single-day withdrawals of nearly $1 billion and $838 million, respectively. Last week, Binance's stablecoin daily net outflow averaged $115 million.
The report noted that stablecoins are a key liquidity reserve for absorbing market sell pressure, and simultaneous outflows typically indicate a shift toward capital conservatism, with liquidity moving to cold wallets, DeFi protocols, or over-the-counter transactions. The current environment differs from previous phases where capital circulated between stablecoins, now showing synchronized decoupling. With over $1 billion in liquidity outflows, the market's ability to buffer volatility is declining.
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