The stablecoin flow on Binance is reversing. The last time this trend appeared was in May 2024, just before the price of Bitcoin dropped sharply in the summer.

On December 5, Binance recorded an inflow of up to 13 billion USD, far exceeding other exchanges. However, currently, outflows are dominating, indicating that investors may be preserving capital or taking profits.

Binance's stablecoin reserves (ERC-20) have gradually decreased since mid-December, confirming the outflow trend. The decline in inflows into stablecoins signals weakening buying pressure, while stronger outflows indicate a significant shift in the market, with investors becoming more cautious.