Bitcoin’s $80,000 recovery faces liquidity questions as Binance’s Tether flows swing $14 billion
Summary
Bitquery data show Binance-linked wallets sent $23.1 billion in USDT to Tether in the first ten months of 2026 and received $15.6 billion, reversing a $6.4 billion net inflow recorded in 2025. Binance’s tracked Ethereum stablecoin holdings also fell from $43.9 billion in April to $38.8 billion by Oct. 22. The trends raise questions about exchange liquidity as Bitcoin trades near $80,000. However, transfers across Ethereum and Tron may reflect network swaps rather than dollar redemptions, and wallet balances and issuer flows do not establish that customer funds permanently left crypto markets. Further declines in holdings and circulating USDT would provide stronger evidence of reduced buying power.
