Binance stablecoin reserves fall 5% in October
- —Binance stablecoin reserves fell 5%, from $43.2 billion to $41.1 billion
- —Net outflows since early October reached about $2 billion, the most since July
- —Binance holds more than 72% of stablecoin reserves tracked across exchanges
- —Analyst says November flows will show whether liquidity is recovering
Why it matters: Stablecoins parked on exchanges are the main source of buying power for crypto, so outflows limit the market's upside.
Source: BeInCrypto RU