Whilst CryptoQuant indicators proceed to point out weak market circumstances, stablecoin outflows from centralized exchanges have slowed sharply, an indication that investor funds are being consolidated slightly than leaving the sector, market knowledge suppliers stated.
CryptoQuant stated in an announcement to Cointelegraph on Tuesday that the movement of funds to its centralized alternate (CEX) has been steady, with complete outflows of simply $2 billion over the previous month.
In distinction, late 2025 noticed $8.4 billion in outflows at first of the bear market, highlighting moderation in redemptions, Nick Pitt, Head of Advertising and marketing at CryptoQuant, advised Cointelegraph.
“Capital just isn’t speeding out of crypto proper now. Capital is consolidating, particularly on Binance,” Pitt stated, including that the pattern would solely turn out to be bullish if reserves begin growing or are invested in threat belongings.
Binance holds 65% of CEX stablecoin reserves. $USDT and $USDC
Binance stays the main hub for stablecoin liquidity, holding $47.5 billion in USDt in Tether, in response to CryptoQuant knowledge ($USDT) and circles $USDC ($USDC), the 2 largest stablecoins by market capitalization.
This quantity accounts for 65% of the whole $USDT and $USDC It’s held throughout CEX and is up 31% from $35.9 billion a yr in the past.
sauce: cryptoquant
Main exchanges corresponding to OKX, Coinbase, and Bybit lag behind Binance when it comes to stablecoin reserves, with OKX at 13%, or $9.5 billion, the very best amongst different exchanges.
Coinbase and Bybit account for 8% and 6%, respectively, with reserves of $5.9 billion and $4 billion.
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With Binance dominating stablecoin liquidity regardless of slowing bear market outflows, CryptoQuant concluded that “capital is concentrating, not leaving, cryptocurrencies.”
The liquidity of Binance stablecoins is especially $USDT
Binance’s stablecoin reserves are overwhelmingly pushed by: $USDTexchanges maintain $42.3 billion in stablecoins in comparison with $5.2 billion in stablecoins. $USDC.
The alternate has elevated its worth $USDT Liquidity decreased by 36% year-on-year; $USDC Reserves stay virtually unchanged.
Binance $USDT and $USDC Reserves since January 2020. supply: cryptoquant
Regardless of slowing stablecoin outflows suggesting potential market consolidation, CryptoQuant warned that Bitcoin (BTC) might fall additional earlier than hitting its backside.
CryptoQuant analysts reiterated final week that Bitcoin’s realized value assist stays close to $55,000 and stays untested.
“Bitcoin’s final bear market backside is at the moment round $55,000,” CryptoQuant stated.
On the time of publication, Bitcoin was buying and selling at $68,206, down about 1.3% over the previous 24 hours, in response to knowledge from CoinGecko.
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