Binance stablecoin liquidity weakens

More than $1 billion in stablecoins has reportedly left Binance.
CryptoQuant says Binance stablecoin liquidity is weakening, with $USDC reserves down 21.6% over the past 30 days to around $4.6 billion.
That matters because stablecoins are crypto’s dry powder.
When stablecoins leave exchanges, available buying liquidity can get thinner.
Thin liquidity can make every market move sharper, especially during periods of high volatility.
For crypto, the key signal is that exchange liquidity conditions are becoming more fragile.