Whales Send $30.5B in Stablecoins to Binance While Bitcoin Reserves Fall
According to CryptoQuant analyst Darkfost, stablecoin transfers above $1 million into Binance reached $30.5 billion over 30 days, up 40%. In the same period, Binance's BTC reserves dropped from roughly 705,000 to 685,000 BTC over four days. (crypto)
Rising stablecoin deposits can signal buying power waiting on the sidelines, while BTC outflows often point to coins moving to self-custody. Neither is a guarantee of price direction.
$ZEC
$BNB
$MUBARAK
#SECHaltsCryptoETFReviewsAmidFundingLapse #FedOctoberRateHikeOddsFallTo17% #EthereumValidatorExitQueueJumps392%
According to CryptoQuant analyst Darkfost, stablecoin transfers above $1 million into Binance reached $30.5 billion over 30 days, up 40%. In the same period, Binance's BTC reserves dropped from roughly 705,000 to 685,000 BTC over four days. (crypto)
Rising stablecoin deposits can signal buying power waiting on the sidelines, while BTC outflows often point to coins moving to self-custody. Neither is a guarantee of price direction.
$ZEC
$BNB
$MUBARAK
#SECHaltsCryptoETFReviewsAmidFundingLapse #FedOctoberRateHikeOddsFallTo17% #EthereumValidatorExitQueueJumps392%