Binance USDC reserves drop sharply

Binance’s $USDC reserves reportedly fell 21.6% over the past 30 days.
More than $1 billion in total liquidity has exited the exchange during that period.
That is a notable stablecoin flow signal because exchange liquidity often reflects trading appetite, risk positioning, and available dry powder.
For crypto markets, the bigger question is whether this is normal capital rotation or a sign that traders are pulling liquidity away from centralized exchanges.
If stablecoin balances keep falling, short-term market depth could become more fragile.