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Altcoin deposit inflows to Binance have risen sharply ahead of a procedural vote on the U.S. Clarity Act and the Federal Reserve’s rate decision, according to an analysis by on-chain analyst Darkfost. Darkfost said Binance’s seven-day average altcoin deposit count climbed about fourfold to 31,800 from 8,300 in July, while Coinbase rose to 4,700 from 2,200 over the same period and Bybit increased to 2,700.
Darkfost added Bitcoin has gained more than 30% in just a few days, while TOTAL3, a measure of altcoin market capitalization, has increased by more than $136 billion over that span. Selling pressure is not yet at an abnormally high level, Darkfost said, but the analyst noted the market’s uncertainty persists and the trend warrants close monitoring.