Binance Research

Providing institutional-grade analysis, in-depth insights, and unbiased information to all participants in the digital asset industry.

[Binance Research @BinanceResearch]

Time to explore June's market insights!

Discover key insights on:
🔸 Sector Narratives vs BTC
🔸 Crypto Flows Turn Bond-Like
🔸 RWA Growth Beyond Treasuries
🔸 Crypto Card Volumes vs Stablecoin Float
...and more.

Read here ⬇️
https://t.co/WwUJ8EcG9M

[Binance Research @BinanceResearch]

US$87B in cross-border transfers. 34M users. Near-zero fees.

At the World Bank's average remittance cost of 6.36%, stablecoins have saved Binance Pay users over US$5B.

That's US$5B in fees that remained with senders rather than intermediaries.

Cross-border transfer isn't a future use case for stablecoins. It's already happening at scale.

[Binance Research @BinanceResearch]

In emerging markets, stablecoins aren't a crypto product. They're a financial lifeline.

Where local currencies are volatile and inflation erodes savings, stablecoins offer something simple: a reliable way to preserve wealth.

And users aren't just holding them. They're putting them to work. Emerging market users' share of stablecoin deposits on Binance Earn has climbed from 64% to 68% in 2026 alone.

Hard-earned money, actively protected.

[Binance Research @BinanceResearch]

Stablecoin reserves on Binance have risen from 16% to 28% of total holdings.

This isn't a risk-off rotation. It persists across market cycles.

People aren't just parking stablecoins between trades anymore — they're holding them intentionally: for yield, for payments, for transfers, as a store of value.

Stablecoins have quietly outgrown their original use case.

[Binance Research @BinanceResearch]

Read more👇
https://t.co/Ge30tjSfPP

[Binance Research @BinanceResearch]

Stablecoins were a crypto trading tool.

Then: payments. Cross-border transfers. P2P remittances.

Now: settlement currency for direct/tokenized stocks and TradFi perps — trading 24/7 on-chain.

TradFi-linked perp volume settled in stablecoins: 6.1% of total stablecoin volume, reached in 6 months.

The addressable market is larger than stablecoin supply itself. This is still early.

[Binance Research @BinanceResearch]

The next 300 million equity investors are coming from emerging markets.

They'll be onboarded through crypto exchanges, settling in stablecoins, trading 24/7.

We mapped the US$2T opportunity in our latest report on direct stock trading and tokenised equities 👇
https://t.co/B5GiV78eD8

[Binance Research @BinanceResearch]

5/5

But historically, after every DSPX peak, BTC recovered. In pure concentration cases (no crypto-native crisis):

BTC bottomed in 0-20 weeks
Median: 2 weeks

Capital diversion is temporary. Currently no crypto-native crisis. Expect faster recovery.

[Binance Research @BinanceResearch]

1/5

Why is crypto weak lately? The answer may not lie in crypto itself — but in equities.

CBOE Dispersion Index hit 42 — 3rd highest ever. It means extreme capital concentration within the S&P 500. When a few hot themes absorb all the flows, BTC gets sidelined. 🧵👇

[Binance Research @BinanceResearch]

4/5

BTC faces its strongest multi-theme capital diversion ever:

growth capital → AI infra & application

geo-hedge capital → defense/energy

inflation hedge → commodities

Sidelined on all three fronts.

[Binance Research @BinanceResearch]

Charting the Week 📊

Institutions are buying Bitcoin 4x faster than it can be created.

Since ETF launch, only 435K BTC was mined — yet institutions absorbed 1.63M, nearly 4x the new supply.

12.7% of circulating supply is now institutionally held — 2.56M BTC, up from just 921K at launch.

Wall Street is draining the float.

[Binance Research @BinanceResearch]

Our joint analysis shows strong concentration in LLM outputs for exchange discovery, with Binance at ~90% Top-1 across tested models and languages.

Context-specific shifts (e.g., derivatives) and the English vs Mandarin gap are notable. This points to AI layers potentially accelerating user concentration toward platforms with broad liquidity and global reach.

[DefiLlama Research @defillama_res]

AI is crypto's new search bar and it now routes nearly all crypto exchange discovery to the same handful of names.

@binance sits at the top of 90% of outputs across 4 LLMs and 2 languages. We dive into what that dominance means and how to earn it:
https://t.co/gL2Y6QOI6C

[Binance Research @BinanceResearch]

5/ Read More 👇
https://t.co/4EUChvtPmF

[Binance Research @BinanceResearch]

5% BTC Allocation into Traditional 60/40 is the missing magic in your portfolio.

Return: +59% ➡️ +81%
Sharpe: 0.51 ➡️ 0.62
Sortino: 0.86 ➡️ 1.11
Max drawdown: only 2% wider

Small allocation. Real impact.
Discover the charts 🧵

[Binance Research @BinanceResearch]

4/ BTC is now ~5% of gold's market cap. In 2010, that number was zero.

🔶 10% of gold = ~$160K per BTC
🔶 1:1 with gold = ~$1.6M per BTC

The upside is now calculable.