Binance's Tether flows reverse by $14 billion raising liquidity concerns amid Bitcoin's $80,000 recovery attempt

Blockchain analytics firm Bitquery found that Binance-linked wallets transferred $23.1 billion in USDT to Tether during 2026 while receiving $15.6 billion, resulting in a $7.5 billion net imbalance toward the issuer. This reverses a $6.4 billion net inflow seen in 2025. This shift coincides with a decline in Binance's tracked Ethereum stablecoin holdings from $43.9 billion in April to $38.8 billion on Oct. 22, questioning available buying power as Bitcoin struggles near $80,000. During 2025, Binance sent $16.6 billion in USDT to Tether, with the first ten months of 2026 exceeding this total, primarily originating on Ethereum ($19.6 billion), while incoming USDT arrived on Tron ($13.6 billion).