USDT Reserves on Exchanges Fall to One-Year Low
- —USDT ERC-20 reserves on exchanges fell to $47.3 billion, a 12-month low
- —Exchange Stablecoins Ratio at 0.0000465 vs April low of 0.000034
- —BTC reserves on exchanges hold near 2.68 million coins
- —Spot bitcoin ETF inflows totaled just $232 million over 13 sessions
Why it matters: Fewer stablecoins on exchanges means less dry powder to support BTC on dips; a drop below 0.000044 would signal liquidity is rebuilding.
Source: BeInCrypto RU