Over $1 billion worth of stablecoins have been withdrawn from Binance, indicating reduced liquidity and caution among traders in the Bitcoin market.
Long-term Bitcoin holders have significantly reduced their exposure, while medium-sized wallets continue to accumulate during the recent price rally.
The decrease in stablecoin outflows from Binance may suggest investors are moving funds to personal wallets or exercising caution in the market.
While some are showing caution, medium-sized wallets are increasing their Bitcoin holdings, signaling optimism about the market's potential future direction.