💸 Stablecoins are leaving Binance
Over the past 30 days, USDC reserves on Binance have dropped by 21.6%, from $5.75B to $4.6B. At the same time, nearly $1.8B in USDT on Ethereum flowed out in two major waves. 👀
Stablecoins are the market's primary source of buying power. When they leave the largest exchange, spot market liquidity becomes thinner, making prices more sensitive to large buy or sell orders.
The funds may be moving to self-custody, DeFi, or OTC desks, but unless stablecoins return to exchanges, volatility could increase.
One possible factor behind the outflows is Binance's reported inability to secure a MiCA license to continue operating across the EU.
July 10, 2026 19.5K 1
