$2.3B in stablecoins leaves exchanges, squeezing BTC liquidity

On-chain analyst Darkfost said more than $2.3 billion in stablecoins has flowed out of Binance and Bybit over the past 30 days, tightening liquidity for BTC. Darkfost said $1.55 billion left Binance and $786 million exited Bybit, adding exchange stablecoin reserves have seen outflows consistently outpace inflows this year. Darkfost said the lack of fresh capital appears to be a key reason BTC has remained stuck in a prolonged range, with insufficient liquidity to support a further rise.