Whale stablecoin inflows to Binance jump over 40%, analyst says

Whale inflows of stablecoins worth more than $1 million to Binance have risen more than 40% over the past month, according to a CryptoQuant analysis by contributor Darkfost.

Darkfost said the 30-day cumulative inflow increased to $30.5 billion from $21.7 billion. Rising stablecoin inflows to exchanges often indicate sidelined capital preparing to enter the market, signaling a potential increase in BTC buying pressure. At the same time, Darkfost said whales have been deploying liquidity relatively cautiously amid geopolitical tensions, inflation and rising bond yields.

Source: Coinness