The largest stablecoin outflow from Binance recently reached $900 million, with additional outflows occurring on December 18 and 19. This phenomenon often indicates that investors are securing profits and do not plan to return to the market anytime soon, which can be interpreted as a short-term bearish signal.

However, in early November, there was a significant stablecoin inflow into Binance when Bitcoin was trading around $70K, with total inflows exceeding $7 billion in three days, fueling Bitcoin’s rally.

While there was some profit-taking when Bitcoin hit $108K, these outflows were not comparable to previous large inflows. This suggests that the bullish trend is still ongoing despite the bearish sentiment this week.