CryptoQuant: Binance stablecoin reserves hit a new high of $31 billion, indicating that buying pressure is rising
PANews on December 31 reported that, according to a post by CryptoQuant contributor Darkfost, the <PANews> stable coin reserve on <AR> reached $31 billion on December 11, a new all-time high. It is worth noting that <AR>'s stable coin reserve was only $7 billion in June 2023, and has since grown by nearly five times. The increase in stable coin reserves usually indicates that buying pressure is on the rise. The current reserve of around $30 billion suggests that investors remain actively engaged in the market and may maintain strong buying pressure.
