According to CoinMeta, as analyzed by analyst Darkfost, Binance recorded a net outflow of around $2.2 billion in stablecoins in July, and currently Binance accounts for 70% of the total supply of stablecoins in exchanges. Since the beginning of the year, Binance has seen a cumulative net outflow of $7 billion in stablecoins. The analyst pointed out that the continuous outflow of stablecoins reflects investors' tendency to withdraw funds, while Bitcoin remains stable above $60,000 in the context of the macroeconomy.