Wu Blockchain (@WuBlockchain): CryptoQuant: Binance USDC Holdings Drop 21.6% in 30 Days as Over $1B in Liquidity Exits
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CryptoQuant: Binance USDC Holdings Drop 21.6% in 30 Days as Over $1B in Liquidity Exits @CryptoQuant_KR said Binance is seeing a structural decline in stablecoin purchasing power. Over the past 30 days, its USDC holdings fell 21.6% to $4.6 billion, while USDT-ETH recorded large withdrawals of over $997 million and $838 million on June 26 and July 7. Binance’s stablecoin net outflows averaged $115 million per day last week, with more than $1 billion in total liquidity exiting, potentially making prices more vulnerable to sudden volatility.