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Altcoins : 13 500 Inflow transactions on Binance, a weakening trend and a positive sign

This chart illustrates the number of altcoin transactions sent to major exchanges such as Binance, Coinbase, and OKX. These flows help assess the potential selling pressure in the market. When investors transfer their altcoins to an exchange, it’s often with the intent to sell or take profits. Binance still dominates inflows, with around 13 500 transactions (7-dma) recorded recently. However, this figure is sharply down compared to previous weeks, when Binance saw over 22 800 altcoin inflows. In other words, the pace of deposits to exchanges has slowed significantly. This slowdown isn’t unique to Binance, it can also be observed across other major exchanges, confirming a broader decline in inflows. This may indicate reduced selling pressure, as investors appear less inclined to offload their altcoins. Historically, such setups have been quite encouraging. A drop in inflows often precedes a period of stabilization or recovery. In other words, when exchange deposits decrease, the market tends to breathe, sometimes even setting the stage for a rebound.