Investors Load $1.6B into Binance as Crypto Awaits Its Turn
Binance stablecoin inflows surged to $1.6 billion in recent trading sessions, according to on-chain analytics firm CryptoQuant, signaling renewed capital inflows into the cryptocurrency market. The influx of stablecoins, which serve as a primary on-ramp for traders to access crypto assets, suggests growing anticipation for a potential market rebound amid ongoing corrections in major assets like Bitcoin and Ether. This marked the second time this month that net stablecoin deposits on Binance exceeded $1.5 billion, reinforcing the pattern as a strong indicator of market positioning ahead of potential upside momentum.
The stablecoin inflows coincided with nearly $1 billion in Ether withdrawals from the exchange. According to blockchain…
