Big inflows of stablecoins on Binance have lifted again: the bucket with single transactions over $1 million. Over the past 30 days, it’s risen from about $21.7 billion to $30.5 billion—about a 40% increase in a little over a month.
Hold on before you rush to applaud. Back in October last year, using the same metric, the peak was over $61 billion; now it’s only about half of that. Buying power is coming back, but nowhere near as aggressively as last time.
As for Binance spot right now, it’s around 86,000. The daytime high has tapped above 86,900. Here’s what I would do: I wouldn’t chase around 86,000. I’d wait for a pullback to 84,800–85,200 and only enter lightly after it holds there. First target: 87,200, then watch for 88,500. If it breaks below 83,800, I’d exit. Personal view only—keep your own positions under your own control.
$BTC
Hold on before you rush to applaud. Back in October last year, using the same metric, the peak was over $61 billion; now it’s only about half of that. Buying power is coming back, but nowhere near as aggressively as last time.
As for Binance spot right now, it’s around 86,000. The daytime high has tapped above 86,900. Here’s what I would do: I wouldn’t chase around 86,000. I’d wait for a pullback to 84,800–85,200 and only enter lightly after it holds there. First target: 87,200, then watch for 88,500. If it breaks below 83,800, I’d exit. Personal view only—keep your own positions under your own control.
$BTC
