Binance Users Accumulate Stablecoin Dry Powder — This $9B Indicator Signals Traders are Preparing to Buy

Crypto traders are stockpiling stablecoins as they await an opportunity to re-enter. Credit: Tima Miroshnichenko via Pexels. Key Takeaways Centralized exchange stablecoin reserves have soared above $72 billion. The buildup suggests traders are holding on to dollar-based assets as they wait for the right moment to reenter. A key metric analysts are watching is the 30-day change in ERC-20 stablecoin reserves on Binance. With crypto markets in disarray after multiple weeks of sustained losses, a sign ...