Stablecoin Reserves Drain $2.3B in 30 Days, Weighing on Bitcoin Liquidity for 165-Day Rally

BTC1.06%
According to CryptoQuant analyst Darkfost, Binance and Bybit saw a combined net outflow of approximately $2.3 billion in stablecoin reserves over the past 30 days, limiting liquidity inflows into the broader crypto market. The analyst noted that Bitcoin has oscillated around the $60,000 support level for 165 days without gaining upside momentum, citing weak new demand as a key constraint. Exchange stablecoin reserves have declined throughout 2026, reflecting cautious market sentiment that continues to restrict the capital needed for Bitcoin to break out of its current consolidation range.
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