Binance and Bybit Record Over $2.3 Billion in Stablecoin Outflows

Binance and Bybit recorded over $2.3 billion in combined stablecoin outflows over the past 30 days. Binance saw approximately $1.55 billion in outflows, while Bybit had $786 million. The decline in exchange stablecoin reserves suggests weaker market liquidity and lower demand for crypto trading. Reduced liquidity may limit Bitcoin's ability to sustain a breakout.