Over $550M in stablecoins have flowed into Binance, indicating buying pressure and suggesting preparation to buy assets like Bitcoin and Ethereum.
Stablecoin deposits into spot exchanges serve as direct indicators of buyer intent and are reliable signals for forecasting near-term volatility and upward price movement.
The sudden and significant inflow of stablecoins on Binance reflects growing confidence among large investors in the crypto market.
Analysts are monitoring wallet activity and buy orders for potential sharp price movements, with the influx of stablecoins pointing towards possible breakout or altcoin rotation.