[Analyst: Stablecoin Outflows from Binance and Bybit Exceed $2.3 Billion in 30 Days, Bitcoin Liquidity Dries Up, Market Sentiment Turns Bearish] CryptoQuant analyst Darkfost stated in a post that the combined stablecoin outflows from Binance and Bybit over the past 30 days have exceeded $2.3 billion, leading to a depletion of Bitcoin liquidity. Bitcoin has been testing the critical $60,000 price level for nearly 165 consecutive days. Although it briefly surpassed $80,000 in May, it failed to sustain or reignite Bitcoin's upward momentum. One of the reasons for this situation is the lack of new liquidity entering the market. Whether through direct investment in Bitcoin or the broader crypto market, new demand has been difficult to achieve. Observing the changes in exchange stablecoin reserves, the situation has been particularly dire since the beginning of the year, with reserves almost continuously declining, reflecting a significant outflow of funds exceeding inflows.