Binance stablecoin reserves hit an all-time high! 🎉

According to analysis by CryptoQuant contributor Darkfost, Binance's stablecoin reserves reached an astonishing $31 billion on December 11, setting a new record. In comparison, the reserve amount was only $7 billion in June this year, indicating a nearly fivefold increase in just a few months. 📈

This increase is generally seen as a signal of growing buying pressure in the market. The current reserve amount remains around $30 billion, showing that investors are still active, and the market may continue to maintain strong buying momentum. 🔍

Regardless of which direction the market takes, this dynamic undoubtedly adds new highlights to the blockchain industry.