Ok, so majority are with the #USDT/ #BUSD pair and mostly #USDT/#BUSD and other stable coins pair move with respect to #Bitcoin movement. We'll try our best to provide analysis in #USDT and other stable coin pairs.

#FIO only low cap gem in #BUSD pair which haven’t performed yet

So if you missed#VITE #VIB show #FIO is your last chance to join the party🚀

#FUD driving the market 👀

#BUSD also de-pegged a little, keep watching the market, and tighten the stops on open trades too.

The total amount of #BUSD that is held in exchange reserves has dropped from $14.3B to $11.3B, representing a fall of 21% or $3B.

In terms of market capitalization, #USDT and #USDC have absorbed the majority of the value lost.

Recent #stablecoins capital outflows are driven primarily by the second (#USDC), and third (#BUSD) largest assets, seeing supplies fall in 2023 by -$15.7B and $-11.5B, respectively. #USDT has absorbed a significant proportion of these flows, pushing to a new #ATH supply of $83.1B.

It is likely that this reflects a geographical divergence, with #US regulated entities historically having expressed a preference for #USDC over #USDT.

Following the news about Binance, there has been a noticeable outflow of coins from the exchange. The chart below illustrates the two-week perspective on #Binance's reserves for major assets, including BTC, #ETH, and #stablecoins like #USDT, #USDC, and #BUSD.

In the past week, #investors have been steadily #withdrawing their assets, resulting in a significant decrease in aggregate #Stablecoin balances by over $1.6 Billion. This represents approximately 20.9% of the total balance held on #Binance. #BTC and #ETH reserves have seen a comparatively smaller decline of 5.7% and 7.1%, respectively.