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More than $1 billion in stablecoins posted net inflows to Binance in August, a sign of a modest recovery in market liquidity, CryptoQuant contributor Darkfost said.
Darkfost added that Binance has still seen about $5.1 billion in net stablecoin outflows since the start of the year, while major exchanges as a whole have recorded more than $16 billion in net outflows. BTC recovered $75,000 after rising about 25% in August, but Darkfost said the market could enter another correction phase if demand does not continue to recover.