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Binance stablecoin outflows soar – Why this affects Bitcoin

The shift from a 13 billion USD inflow to a 310 million USD outflow showcases significant stablecoin Movement from Binance, mimicking the patterns seen during the BTC downturn of the past summer. These movements reflect a cautious stance by investors concerned with market stability.

The increase in USDT dominance suggests investors are seeking safer assets amidst volatile conditions. Persistent outflows signal caution, potentially affecting BTC’s market outlook. Factors include ongoing HIGH inflation and strict Federal Reserve measures, which have kept a firm lid on market Optimism.

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