【CryptoQuant: Binance's Stablecoin Reserves Reach New High of $31 Billion, Indicating Rising Buying Pressure】According to Golden Finance, CryptoQuant contributor Darkfost stated that Binance's stablecoin reserves reached $31 billion on December 11, setting a new historical record. Notably, Binance's stablecoin reserves were only $7 billion in June 2023, having increased nearly fivefold since then. An increase in stablecoin reserves typically indicates that buying pressure is rising. The current reserve level remains around $30 billion, suggesting that investors are still actively engaged in the market, potentially maintaining strong buying pressure.