⚡ Altcoin inflows into Binance triple 3.8 times ahead of the Fed decision
According to CryptoQuant, the average 7-day inflow transactions of altcoins into Binance is about 31,800, up from approximately 8,300 in July. Coinbase $COIN c also rose from around 2,200 to 4,700 transactions, while Bybit reached about 2,700.
Why is it notable?
This is a rare instance where inflows increased simultaneously across multiple exchanges, unlike a one-day spike of around 34,000 transactions on Binance alone in April.
Put simply:
Many people are moving altcoins to exchanges, possibly to prepare for trading before the Fed releases its decision.
#CryptoExchange #CryptoNews
🔗 Source: Cryptonews
⚠️ Information is for reference only, not investment advice. Do your own research before making a decision (DYOR).
According to CryptoQuant, the average 7-day inflow transactions of altcoins into Binance is about 31,800, up from approximately 8,300 in July. Coinbase $COIN c also rose from around 2,200 to 4,700 transactions, while Bybit reached about 2,700.
Why is it notable?
This is a rare instance where inflows increased simultaneously across multiple exchanges, unlike a one-day spike of around 34,000 transactions on Binance alone in April.
Put simply:
Many people are moving altcoins to exchanges, possibly to prepare for trading before the Fed releases its decision.
#CryptoExchange #CryptoNews
🔗 Source: Cryptonews
⚠️ Information is for reference only, not investment advice. Do your own research before making a decision (DYOR).