CryptoQuant analyst: Binance's cumulative net outflow of stablecoins reached $7 billion within the year

CryptoQuant analyst Darkfost stated that Binance recorded a net outflow of approximately $2.2 billion in stablecoins in July, and currently accounts for 70% of the exchange's stablecoin supply. Since the beginning of the year, Binance has accumulated a net outflow of stablecoins of $7 billion. Analysts point out that the continuous outflow of stablecoins reflects investors' tendency to withdraw funds, and Bitcoin remains stable above $60000 in the macroeconomic context.