maartunn
๐ Binance Leads in 30-Day Stablecoin Exchange Inflows
A large amount of stablecoins have been deposited to exchanges recently. The 30-day net change currently stands at $6.58 billion, marking the largest increase in stablecoin deposits since February 4, when the 30-day change reached $7.23 billion. A closer look shows that Binance has received the majority of these inflows, followed by other major exchanges: Binance: $3.63B Bybit: $1.30B OKX: -$66.25M Others: $1.72B The timing of these deposits comes at an interesting moment. Around October 10, Bitcoin and several other major assets experienced a sharp decline, dropping by double-digit percentages. This surge in stablecoin deposits may reflect renewed โbuy-the-dipโ sentiment among traders, positioning capital on exchanges for potential accumulation.