Binance saw a dramatic shift in liquidity in the month just ended, with on-chain data showing $7 billion in inflows and $1.5 billion worth of Bitcoin (BTC) leaving the exchange.
The movement paints a mixed picture, with some observers seeing it as a bullish setup for a new rally, while others are warning that the market may not yet be ready to move higher.
Stablecoin Surge and Bitcoin Outflows Signal Accumulation
Fresh on-chain data shared by quant trader CryptoOnchain revealed that Binance recorded one of its strongest liquidity months in recent memory. The exchange saw more than $5 billion in Tether (USDT) and $2 billion in USD Coin (USDC) flowing into its reserves, something the analyst says is a sign of sidelined capital waiting for entry points.
“This massive accumulation of ‘dry powder’ indicates that vast capital is parked on the sidelines, with traders waiting for buying opportunities,” CryptoOnchain wrote.
In contrast, Binance’s Bitcoin and Ethereum (ETH) balances
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