Everyone says "bear market = outflows"…
But this CryptoQuant chart tells a different story: Binance stablecoin reserves keep rising.
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Total on Binance: $47.5B (USDT ~$42.3B driving it, USDC ~$5.2B steady).
+31% YoY from $35.9B.
The line (purple/USDT) just keeps grinding up through 2025-2026.
Meanwhile: 65% of total CEX stablecoin reserves.
OKX? 5x smaller (~$9.5B)
Coinbase? 8x (~$5.9B)
Bybit? 12x (~$4B)
Liquidity concentrates where trust is highest.
Next bull? This stack is rocket fuel.
Data: CryptoQuant