Currently, 16.8% of the total stablecoin market cap is stored in Binance addresses. 📊 The trend is clear: the more stablecoins Binance holds, the higher the liquidity and the greater the impact on the wider cryptocurrency market, driving the current Bitcoin rally. 🚀
But that's not all! Exchange reserves now account for 24.16% of the total stablecoin market cap. 🌐
🧐 Key Insights:
Binance’s share of the stablecoin market cap has increased from 4% in March 2023 to an impressive 16.8% today.
This rise in dominance has significantly boosted liquidity and contributed to price fluctuations, particularly with Bitcoin.
Overall, exchanges now hold 24.16% of the stablecoin market cap, showing how crucial exchange reserves are to market dynamics.
Conclusion: The more stablecoins Binance holds, the greater the influence on the entire crypto market, including Bitcoin’s price! 💥
Written by joaowedson
