BTC $64,197.40 -0.68%
ETH $1,862.37 -0.30%
BNB $566.16 -0.41%
XRP $1.08 -0.53%
SOL $76.12 +0.06%
TRX $0.3258 -0.01%
DOGE $0.0717 -0.96%
ADA $0.1624 -1.95%
BCH $212.47 -2.62%
LINK $8.35 -0.08%
HYPE $60.73 -0.19%
AAVE $90.17 -0.58%
SUI $0.7459 +0.18%
XLM $0.1853 -0.63%
ZEC $531.16 -4.89%
BTC $64,197.40 -0.68%
ETH $1,862.37 -0.30%
BNB $566.16 -0.41%
XRP $1.08 -0.53%
SOL $76.12 +0.06%
TRX $0.3258 -0.01%
DOGE $0.0717 -0.96%
ADA $0.1624 -1.95%
BCH $212.47 -2.62%
LINK $8.35 -0.08%
HYPE $60.73 -0.19%
AAVE $90.17 -0.58%
SUI $0.7459 +0.18%
XLM $0.1853 -0.63%
ZEC $531.16 -4.89%

bybit

Bybit is a cryptocurrency exchange established in March 2018, providing a professional platform where crypto traders can find ultra-fast matching engines, excellent customer service, and multilingual community support. The company offers innovative online spot and derivatives trading services, mining and staking products, an NFT marketplace, and API support for retail and institutional clients worldwide, striving to become the most reliable exchange in the emerging digital asset category.
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Data: Binance and Bybit stablecoin outflows exceed 2.3 billion USD in 30 days, Bitcoin liquidity is depleted, and market sentiment is pessimistic

CryptoQuant analyst Darkfost stated that the outflow of stablecoins from Binance and Bybit in the past 30 days exceeded $2.3 billion, leading to a depletion of Bitcoin liquidity. Bitcoin has been testing the critical price level of $60,000 for nearly 165 days. Although it briefly broke through $80,000 in May, it failed to maintain or reignite the upward momentum of Bitcoin.One of the reasons for this situation is the lack of new liquidity flowing into the market. Whether through direct investment in Bitcoin or investment in the entire crypto market, new demand has been difficult to realize. Observing the changes in stablecoin reserves at exchanges, the situation has been particularly poor since the beginning of the year, with a nearly continuous decline, reflecting that outflows are significantly exceeding inflows. In just the past 30 days, Binance's stablecoin reserves have decreased by $1.55 billion, while Bybit lost $786 million during the same period. The decline in reserves sends a clear signal: demand and liquidity are shrinking, and investors seem inclined to withdraw stablecoins from exchanges or even exit the market entirely. Therefore, it is this still overly pessimistic overall market sentiment that continues to deprive Bitcoin of the resources needed to break through the current consolidation range.
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