A rising share of stablecoin reserves sounds like more “ammunition” gathering in one place, but that doesn’t mean buyers have entered the market. Over the rolling 24-hour period, $BTC -0.56%. A price decline reflects a change in quotes; it is not proof of net outflows. This window alone also doesn’t reveal who the sellers are.
BlockBeats reported at Beijing time on October 27, 2026, citing data from CryptoQuant, that Binance and Binance.US held about 75% of the total stablecoin reserves across monitored crypto trading platforms, up from about 58% in mid-2025. This refers to the share held across platforms, not an equivalent increase in the total stablecoin supply—and it certainly doesn’t prove that new funds have entered the market.
The higher share could be due to an increase in Binance-related reserves, or a decline in reserves at other platforms. Stablecoin reserves are a snapshot of holdings at a given point in time; actual capital flows into the market must be assessed by looking at changes over a period. These are two separate sets of figures and shouldn’t be conflated. The report also cautions that an increase in reserves does not necessarily mean buying is about to begin.
I’ll continue checking the total stablecoin supply and actual capital flows, then see whether these reserves have translated into new demand. For now, the 24-hour decline in $BTC and the rising share of reserves have simply occurred at the same time; that doesn’t tell us that one caused the other. The share is a clue, not a buy signal. Without direct flow data, don’t present “potential buying power” as buying that has already happened.
BlockBeats reported at Beijing time on October 27, 2026, citing data from CryptoQuant, that Binance and Binance.US held about 75% of the total stablecoin reserves across monitored crypto trading platforms, up from about 58% in mid-2025. This refers to the share held across platforms, not an equivalent increase in the total stablecoin supply—and it certainly doesn’t prove that new funds have entered the market.
The higher share could be due to an increase in Binance-related reserves, or a decline in reserves at other platforms. Stablecoin reserves are a snapshot of holdings at a given point in time; actual capital flows into the market must be assessed by looking at changes over a period. These are two separate sets of figures and shouldn’t be conflated. The report also cautions that an increase in reserves does not necessarily mean buying is about to begin.
I’ll continue checking the total stablecoin supply and actual capital flows, then see whether these reserves have translated into new demand. For now, the 24-hour decline in $BTC and the rising share of reserves have simply occurred at the same time; that doesn’t tell us that one caused the other. The share is a clue, not a buy signal. Without direct flow data, don’t present “potential buying power” as buying that has already happened.
