Binance’s USDT (TRC-20) netflow hit +$1.00B on Oct 9, the highest in 6 months. Ethereum USDT reserves fell to $37.48B, while Tron’s USDT supply rose $988M. But combining both chains reveals a different picture: net inflow was just +$76M, with combined reserves near $39.27B. Tron reserves rebounded to $1.79B after six consecutive days of outflows. This may reflect a chain rebalancing, not fresh liquidity entering Binance. The explanation remains unverified. Track combined USDT reserves, not single-chain spikes, to assess exchange liquidity. #Bitcoin #Binance #USDT #Stablecoins #OnChain $BTC