Data: In the past month, CEX stablecoin reserves have increased by nearly $10 billion

BlockBeats News, November 7th, according to @ali_charts citing CryptoQuant data, over the past month, CEX stablecoin reserves have increased by nearly $10 billion. This is in a negative correlation with the recent performance of the crypto market. Analysts suggest that this indicates traders are converting cryptocurrency to stablecoins.