CryptoQuant data show Binance saw net stablecoin outflows for three straight months — ~$1.8B in Dec, ~$2.9B in Jan and nearly $3B by mid‑Feb — shrinking reserves from ~$50.9B in November to ~$41.8B (≈$9B decline). This is the longest consecutive outflow stretch since the 2023 bear market and indicates a sustained contraction in market liquidity and reduced capacity on the exchange to absorb volatility amid elevated global uncertainty.

Three consecutive months of net stablecoin outflows (≈$1.8B, $2.9B, nearly $3B) reduced Binance's reserves from ~$50.9B to ~$41.8B (~$9B decline); CryptoQuant flags this as the longest outflow run since the 2023 bear market, implying lower exchange liquidity and less capacity to absorb volatility — facts that support a negative near‑term market signal.