On-chain data shows the Binance Exchange Reserve has diverged between Bitcoin and the stablecoins. Here’s what this could mean for the market.
Bitcoin & Stablecoin Exchange Reserves Have Decoupled On Binance
In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the Binance Exchange Reserve for Bitcoin and the stablecoins. The “Exchange Reserve” here refers to an on-chain metric that keeps track of the total amount of a given asset that’s sitting on the wallets attached to a centralized exchange.
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When the value of this metric rises, it means the holders are making net deposits of the asset to the platform. Generally, investors use exchanges when they want to participate in trading activities, so them making inflows could signal appetite for
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