Data: Cryptocurrency market liquidity tightens, Binance stablecoin reserves reach the lowest level this year

According to crypto analyst Darkfost, the recent reserves of stablecoins on centralized exchanges (CEX) are declining, with the stablecoin reserves on Binance reaching their lowest level this year.

Data shows that the market value of stablecoins on Binance has been in a downward trend since June, decreasing by about 4.7% over the past 90 days. Darkfost also pointed out that the decline in stablecoin reserves is not an issue unique to Binance. This outflow dynamic of stablecoins will continue to put pressure on the market, and the lack of inflow liquidity is exacerbating the current weakness. To change the situation, the market needs to see funds flowing back into CEX, which would be a sign of demand recovery.