Investors Withdraw $1.2B From Binance as Bitcoin Trails Stocks

CryptoQuant data shows Binance recorded a $1.2 billion net outflow of stablecoins in May, reversing inflows of $2.5 billion in March and $750 million in April. Binance’s stablecoin reserves fell to about $44 billion from $51 billion in November 2025.

Market-wide measures indicate roughly $1.81 trillion in total crypto market capitalization has exited the market in recent months.

On May 19 the U.S. 10-year Treasury yield reached 4.63%, a level last seen in January 2025. Japan’s 10-year government bond yield reached 2.81% in the most recent 24-hour reporting window. Market participants point to tensions in West Asia and disruptions in the Strait of Hormuz that have raised concerns about oil supply and inflation.

Investors moved capital toward lower-risk assets, with stablecoins leaving major exchanges as holders converted positions to cash equivalents. The outflows followed a period of cautious positioning after a broad market downturn and coincided with increased demand for fixed-income instruments.

Curvo data shows Bitcoin fell about 17% in 2025 while the S&P 500 gained 5% over the same period. Year to date in 2026, Bitcoin was down roughly 15.54% and the S&P 500 had gained about 11.78%, a gap of roughly 27 percentage points between the two.

Observers tracking exchange liquidity are monitoring the steady decrease in Binance’s stablecoin reserves, which have declined by $7 billion since November 2025. Analysts and traders continue to watch exchange flows, bond yields and comparative asset performance for shifts in investor allocation.

The data points recorded in May — stablecoin outflows at Binance, a cumulative $1.81 trillion market-cap exit, rising government bond yields and the widening performance gap between Bitcoin and the S&P 500 — together document recent movements in capital and asset prices across crypto and traditional markets.