CQ Research
Capital Flows into Exchanges Accelerate Amid Bitcoin's Rally
Capital flowed aggressively into crypto exchanges during Bitcoin’s rally toward $80K, driving the fastest growth in Bitcoin perpetual futures open interest so far in 2026. The Bitcoin open interest climbed to the highest level since January as traders increased long positioning amid bullish market expectations. Binance captured most of the new capital entering Bitcoin derivatives markets, significantly outpacing other exchanges in open interest growth. Exchange liquidity improved during the rally, with stablecoin reserves increasing across centralized exchanges. Binance continued to dominate exchange-held USDT liquidity. Altcoin activity also accelerated, with Binance attracting the highest number of altcoin deposit transactions among major exchanges, signaling renewed speculative activity across crypto markets.