Stablecoin reserves on Binance, the world’s largest crypto exchange, have dropped back to levels not seen since October. The decline signals tightening liquidity across the market as traders pull capital away and search for the best crypto to invest in. New data from CryptoQuant indicates that funds are still leaving exchanges as traders turn more defensive. CryptoQuant analyst Darkfost stated stablecoin reserves on Binance have fallen 18.6% since November.
Balances declined by close to $10 billion, sliding from about $50.9 billion to $41.4 billion in recent sessions. However, even with the decline, Binance still controls around 64% of all stablecoin reserves held across centralized exchanges. The amount of stablecoins on Binance has fallen to levels not seen since October, indicating the liquidity crisis in the crypto market. DeepSnitch AI has officially crossed the threshold from an intelligence platform to a fully operational product, displaying its innovation and trader-focused system.
With the network now fully live and layered, early investors are positioning themselves for potential 300x gains, making it a contender for the best crypto to invest in. The DeepSnitch AI dashboard was built for clarity and speed, with tools from Feed, Scan, Cast, to Audit, GPT, and Explore accessible on a single interface. Users can conduct deep token analysis, monitor risk, and make informed decisions without issues. The platform now features the Intelligent Caching Layer and expanded asset recognition to improve signal accuracy.
BNB slipped beneath the crucial $600 support on February 24, dropping to $586 after trading around $617.7 on February 18. This move wasn’t driven by any Binance-specific upgrade or major ecosystem news, but rather broad market pressure as sentiment plunged into extreme fear and traders rotated out of risk assets into cash or stablecoins. Solana has dropped 10% over the past week, sliding from $84.91 on February 18 to $76.94 on February 24, with momentum cooling and SOL hovering near an important support zone.
Popular analyst Alicharts pointed out that the SuperTrend indicator flashed a sell signal on Solana’s monthly chart. The last time this happened was in January 2022, before SOL lost 95% of its value. If the price were to break below the $76 support level, some traders are looking at possible targets of $53, $35, or even $23. DeepSnitch AI remains attractive at its current price of $0.04146, with a $5,000 allocation securing 120,598 DSNT at the base rate.
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