On-chain metrics reveal a dramatic exodus of stablecoin liquidity from Binance. The Exchange Reserve for Tether on the TRON network (USDT-TRC20) has plummeted to a new yearly low of $670.3 million.
The context makes this drop alarming: In late June 2025, these reserves stood at a peak of over $10 Billion. This represents a massive ~93% outflow of capital in less than six months.
Implications for the Market:
Vanishing “Dry Powder”: Stablecoin reserves on exchanges act as immediate buying power. The disappearance of over $9 billion in USDT implies a significant reduction in the “fuel” available to pump asset prices or absorb selling pressure.
Market Depth Risks: With liquidity thinning out so aggressively, the “buy walls” that previously existed are gone. This makes the exchange more susceptible to volatility, as there is less capital on the sidelines to defend key price levels.
Conclusion:
This trend signals a massive shift in capital allocation—whether it’s whales moving to self-custody, rotating to other networks, or exiting to fiat. Until we see a significant inflow of stablecoins, the immediate buy-side pressure on Binance remains critically weak.
Written by CryptoOnchain
