Binance’s Reserves Still Close to ATHs with Persistent Sell-offs

Core Insights - Binance, the largest cryptocurrency exchange, experienced a significant decline in its digital asset reserves, with an $8 billion drop in Bitcoin, Ethereum, Tether, and USD Coin over the past week [1] - Ethereum-based USDT reached an all-time high of $38.2 billion on Binance [2] - Despite bearish market sentiment, Binance saw a net inflow of $3.6 billion in crypto assets over the past 24 hours, indicating investor preparation for market movements [3] Fund Flows and Market Sentiment - The inflows into Binance do not necessarily indicate a selloff; they may also represent stablecoin inflows for potential buying opportunities [4] - A notable $1.4 billion USDT inflow on October 12 triggered a short-term market recovery following a significant liquidation event [4] - Recent data shows a net inflow of 226.8 million USDT and 417.5 million USDC into Binance, which could enhance bullish sentiment unless impacted by another macro event [5]