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$31B in Stablecoins Piled Into Binance: Is Bitcoin’s Next Leg Up Loading?
- Bitcoin is showing signs of recovery, gaining approximately 5.2% over the past week.
- Stablecoin reserves on Binance have reached a new all-time high, surpassing $31 billion.
- Increased stablecoin accumulation suggests growing confidence and potential buying pressure.
- Key cost basis levels for Bitcoin investors are identified, ranging from $85,000 to $98,000.
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