In bear markets, liquidity tells everything According to CryptoQuant, Binance now holds $47.5B in stablecoin reserves about 65% of total USDT + USDC reserves across exchanges. Stablecoin reserves are dry powder. And right now, most of it sits on Binance. When volatility hits,

IN-2,12%
USDC0,01%
ON-6,43%
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