PANews reported on December 31 that CryptoQuant contributor Darkfost wrote that Binance's stablecoin reserves reached $31 billion on December 11, a record high. It is worth noting that Binance's stablecoin reserves in June 2023 were only $7 billion, and have increased nearly fivefold since then. An increase in stablecoin reserves usually means that buying pressure is rising. The current reserves remain at around $30 billion, which shows that investors are still active in the market and may continue to maintain strong buying pressure.