Analysis: Binance's stablecoin reserves hit a record high of $31 billion in December
Odaily reports that CryptoQuant analyst Darkfost recently posted that on December 11, Binance's stablecoin reserves reached a record high of $31 billion. It is worth noting that in June 2023, Binance's stablecoin reserves were only $7 billion, and have since grown by nearly five times. The growth in stablecoin reserves typically indicates increasing buying pressure, and the fact that it has remained around $30 billion suggests that investors are still actively positioning themselves in the market, potentially maintaining strong buying pressure.
