Binance stablecoins at $32 billion cloud any Bitcoin recovery, liquidity unproven
Binance's stablecoin reserves have fallen to $32 billion, which the report frames as a cash constraint on any Bitcoin recovery. A single November 10 sample showed Binance with more nearby BTC buy-order value than OKX, but that does not prove liquidity is durable. Traders should watch stablecoin balances on major exchanges as a gauge of whether dip-buying support can persist.