Bybit Releases 29th Proof of Reserves, Stablecoin Balances Surge
- Decline in Bitcoin and Ether Holdings: As of December 17, Bybit users held approximately 63,200 BTC, reflecting a 5.49% decrease from November 19, indicating a reduction in direct exposure to major crypto assets amid market volatility.
- Significant Growth in Stablecoin Balances: In contrast, USDT balances surged to around $6.05 billion, marking an 8.13% increase, equivalent to approximately $450 million in net inflows, demonstrating users' shift towards lower-volatility assets to maintain liquidity in uncertain market conditions.
- Global Business Adjustments: Bybit has halted new user registrations in Japan as of October 31, 2025, due to regulatory pressure, with phased service restrictions planned for existing accounts in 2026, while expanding its regulated presence in Europe and the UK.
- Enhanced Market Adaptability: The latest Proof of Reserves indicates a risk-off strategy among users favoring stablecoins rather than capital flight, reflecting the platform's flexibility in adapting to user needs amidst changing market dynamics.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00286 | 0.00634 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00634 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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