Stablecoin reserves on centralized exchanges have surged to $73.23 billion, more than doubling from $33 billion in November 2024. This increase comes as Bitcoin's price remains around $101,930, indicating a potential market shift as traders move billions into stablecoins. Data from CryptoQuant highlights a correlation between the rising stablecoin reserves and Bitcoin price movements, suggesting traders are opting to hold capital in stablecoins amid ongoing market uncertainty.