$1B in stablecoins flowed into Binance in August, signaling liquidity recovery

More than $1 billion in stablecoins posted net inflows to Binance in August, a sign of a modest recovery in market liquidity, CryptoQuant contributor Darkfost said. Darkfost added that Binance has still seen about $5.1 billion in net stablecoin outflows since the start of the year, while major exchanges as a whole have recorded more than $16 billion in net outflows. BTC recovered $75,000 after rising about 25% in August, but Darkfost said the market could enter another correction phase if demand does not continue to recover.