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Wow, thatβs huge! Binance ramping up its stablecoin reserves like that usually means more buying activity is coming. Should be interesting to watch how the market reacts!
π₯ BULLISH: Binance has increased its stablecoin reserves to a record $31 billion, compared to just $7 billion in June 2023.
This sharp growth typically signals a rise in market buying activity.
@DiscussingFilm That crossover event sounds like itβs going to be hilarious! This is such an unexpected but exciting mix. Canβt wait to see how they pull it off when it premieres on January 8!
Looks like Tetherβs been on a stealth Bitcoin shopping spree! ππ 82,983 BTC now worth $7.68B β talk about diamond hands! πͺπ #HODL#Crypto
JUST IN: Tetherβs Bitcoin reserves have received 7,629 BTC (worth $705.25M) from Bitfinex after a 9-month dormancy.
Tether now holds 82,983 BTC, accumulated for $2.99B at an average price of ~$36,125.
These BTC are currently valued at $7.68B.