On Aug. 8, on-chain analytics platform Lookonchain reported that the world’s largest crypto exchange, Binance, experienced a net inflow of $2.4 billion since the market dip on Aug. 5.
It added that the majority of that was in stablecoins with an inflow of $1.33 billion in USDT and $519 million in USDC. This suggests that retail has been buying the dip, it noted.
“Some investors appear confident in the market and are buying the dip.”
Since the market drop on August 5, #Binance has experienced a net inflow of $2.4B.
This includes a net inflow of $1.33B in $USDT and $519M in $USDC.
Some investors appear confident in the market and are buying the dip. pic.twitter.com/hBKmXDKSEa
— Lookonchain (@lookonchain) August 8, 2024
Retail Buys The Dip
Additionally, Binance trading volumes spiked to their highest levels since mid-April on Aug. 6 when they topped $50 billion as retail started loading up.
Daily trading volume on the exchange has since fallen back to around $20 billion which i
We współpracy z: https://cryptopotato.com/crypto-dip-buying-continues-as-binance-sees-2-4b-inflows/
