Stablecoin outflows from centralised exchanges have cooled to $2 billion over the past month, a sharp slowdown from the $8.4 billion seen at the onset of the lateStablecoin outflows from centralised exchanges have cooled to $2 billion over the past month, a sharp slowdown from the $8.4 billion seen at the onset of the late

Stablecoin Outflows Slow to $2B as Capital Consolidates on Binance

2026/02/18 14:10
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  • Stablecoin outflows from exchanges slowed to $2 billion over the past month, suggesting capital is consolidating within the crypto sector rather than exiting.
  • Binance dominates the market with $47.5 billion in stablecoin reserves, 65% of the total tracked, heavily concentrated in USDT.
  • Despite the stabilising outflows, analysts warn this is not a recovery signal and suggest Bitcoin could still drop to a $55,000 “bear-market floor.”

Stablecoin outflows from centralised exchanges slowed to about US$2 billion (AU$2.8 billion) over the past month, down sharply from the US$8.4 billion (AU$11.8 billion) in outflows seen at the start of the late-2025 bear market, according to CryptoQuant data shared Tuesday. The firm said the shift points to capital consolidating within crypto rather than exiting the sector.

CryptoQuant said that consolidation is being reflected in where stablecoins are sitting. Binance holds US$47.5 billion (AU$67.2 billion) in USDT and USDC combined, representing 65% of total stablecoin reserves across centralised exchanges tracked by the firm. That balance is up 31% from US$35.9 billion (AU$50.8 billion) held a year ago, even as broader market conditions remain weak.

Binance’s stablecoin reserves are heavily weighted toward USDT. The exchange holds US$42.3 billion (AU$59.8 billion) in USDT versus US$5.2 billion (AU$7.3 billion) in USDC, with USDT reserves up 36% year-on-year while USDC holdings have been largely flat over the same period.

Other major exchanges hold materially smaller pools of stablecoins. OKX has US$9.5 billion (AU$13.5 billion) in reserves, or 13% of the total tracked by CryptoQuant. Coinbase holds US$5.9 billion (AU$8.3 billion), or 8%, while Bybit holds US$4 billion (AU$5.6 billion), or 6%.

Related: Bitcoin Back in the Red as Analysts Warn $60K is “Liquidation Trigger”

Doesn’t Mean The Market Is Reversing

CryptoQuant marketing head Nick Pitto said in a statement that the flow shift does not amount to a recovery signal, but more like a consolidation phase, particularly on Binance, and added that a bullish turn would require reserves to grow again or for capital to be deployed into risk assets.

Despite the moderation in stablecoin outflows, CryptoQuant said Bitcoin (BTC) may still not have reached a bear-market bottom. The firm has pointed to realised price support near US$55K (AU$77.8K) as a level that has not yet been tested in the current cycle, and described it as a likely zone for an eventual bear-market floor.

Bitcoin was trading at US$68K (AU$94K) at the time of publication, down about 1.39% over the past 24 hours.

Source: CoinMarketCap.

Read more: Institutions, Not Individuals, to Drive Crypto’s Mainstream Breakthrough

The post Stablecoin Outflows Slow to $2B as Capital Consolidates on Binance appeared first on Crypto News Australia.

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