maartunn
๐ Stablecoin inflows (30-day change) to Binance have reached $7.3B, the highest level since 11 December 2024.
The large inflow of stablecoins to Binance highlights increased market activity. Itโs important to monitor this development in comparison to previous periods, as it may provide insights into potential upcoming market movements. The last time inflows reached similar levels was in December 2024, shortly before Bitcoin broke its $67K all-time high and rallied to $108K. Currently, Bitcoin remains relatively low following the sharp market sell-off on October 10th. The recent rise in inflows suggests that a growing amount of โdry powderโ is sitting on the sidelines, which could fuel future volatility once deployed.