Analysis: Bitcoin Could Plunge Amid Continued Stablecoin Outflows on Binance

Quick Summary:

The ongoing stablecoin outflows on Binance have caught the attention of market analysts and investors alike.

According to a recent post by CryptoQuant contributor Darkfost, the crypto exchange has been experiencing a consistent decline in stablecoin reserves since mid-December 2024.

At the time, Bitcoin’s price plummeted by over 25% within weeks, underscoring the importance of stablecoin reserves as a leading indicator of market stability.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News BINANCE Stablecoin Outflows on Binance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 12:21:55 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 580 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24998423

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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Year Established: 2020

Headquarters: India

News Last Updated: 14 hours ago

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