Analysis: Stablecoin Outflows from Binance Exceed $1 Billion in 30 Days, Market Buffer Capacity Declines

CoinFeed reported on July 9 that CryptoQuant posted on X stating that Binance's stablecoin holdings are experiencing structural outflows. In the past 30 days, USDC holdings dropped from $5.75 billion to $4.6 billion, a decline of about 21.6%; USDT-ETH saw massive withdrawals of nearly $1 billion on June 26 and $838 million on July 7 in single days. Last week, Binance's daily average net outflow of stablecoins reached $115 million. The report said that stablecoins are key liquidity reserves for absorbing selling pressure, and synchronized outflows usually indicate that capital is turning conservative, with liquidity shifting to cold wallets, DeFi protocols, or OTC trading. The current environment is different from the previous phase where capital circulated among stablecoins, showing synchronized decoupling. After more than $1 billion in liquidity outflows, the market's ability to buffer volatility is declining.