The market is undergoing a major adjustment, and funds are pouring into stablecoins.
Binance's stablecoin reserves have surpassed $51.1 billion, setting a new historical high. At the same time, the inflow of funds into BTC and ETH has also rebounded to $40 billion, with Binance and Coinbase performing the most prominently.
During the decline of Bitcoin, large holders began to noticeably "transport chips" to exchanges. The daily inflow was about 9,000 BTC, with 45% coming from large holdings. Ethereum is no exception: the single transaction inflow of holdings has reached a new high in nearly three years, and market selling pressure is accelerating. Stablecoin has reached a new high, and mainstream coins are facing increasing selling pressure—amid this wave of panic, smart money is repositioning.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The market is undergoing a major adjustment, and funds are pouring into stablecoins.
Binance's stablecoin reserves have surpassed $51.1 billion, setting a new historical high. At the same time, the inflow of funds into BTC and ETH has also rebounded to $40 billion, with Binance and Coinbase performing the most prominently.
During the decline of Bitcoin, large holders began to noticeably "transport chips" to exchanges. The daily inflow was about 9,000 BTC, with 45% coming from large holdings. Ethereum is no exception: the single transaction inflow of holdings has reached a new high in nearly three years, and market selling pressure is accelerating. Stablecoin has reached a new high, and mainstream coins are facing increasing selling pressure—amid this wave of panic, smart money is repositioning.