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.<\/p>\n
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.<\/p>\n
Fresh on-chain data shared by quant trader CryptoOnchain revealed<\/a> 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.<\/p>\n \u201cThis massive accumulation of \u2018dry powder\u2019 indicates that vast capital is parked on the sidelines, with traders waiting for buying opportunities,\u201d CryptoOnchain wrote.<\/p>\n In contrast, Binance\u2019s Bitcoin and Ethereum (ETH) balances shrank sharply, with a $1.5 billion BTC outflow and about $500 million ETH withdrawal through October. Historically, such movements have matched up with long-term holding patterns, as investors transfer assets to private wallets. This behavior reduces the amount of BTC available for sale, tightening supply at a time when buying power is rising.<\/p>\n The analyst also noted that a significant portion of capital is flowing into altcoins outside of ETH, leading him to believe that an \u201cexplosive\u201d alt season is on the horizon.<\/p>\n Yet, not everyone agrees that the setup automatically points to a rally. Fellow market watcher COINDREAM noted earlier today that Binance\u2019s Bitcoin reserves have actually increased<\/a>, suggesting there have been more deposits than withdrawals recently, a condition that sometimes comes before short-term price drops. They also pointed out that weak buy volume during recent declines means that many traders are still hesitant to \u201cbuy the dip.\u201d<\/p>\n CoinGecko data shows that Bitcoin is currently worth about $107,607. This is down 2.6% in the last 24 hours and 12.2% in the past month. The asset has lost almost 14.8% of its value since its all-time high of over $126,000 on October 6.<\/p>\n BTC\u2019s latest came shortly after U.S. President Donald Trump\u2019s latest tariff comments<\/a> and on-chain data showing large \u201cOG\u201d wallets moving roughly $1.8 billion worth of BTC to exchanges, likely for selling.<\/p>\n Still, analysts like Daan Crypto Trades have pointed out that the flagship cryptocurrency remains near key support around $107,000 with \u201cbounces getting weaker,\u201d suggesting the market could be nearing an inflection point.<\/p>\n Furthermore, CoinGlass looked at historical data and found that after a \u201cred October,\u201d Bitcoin prices have sometimes dropped<\/a> even more, like in 2018 when they fell 36% the next month. But things are very different today. Institutional involvement and capital inflows, like Binance\u2019s $7 billion, suggest that the groundwork for renewed strength may be taking shape.<\/p>\n The post Binance Data: $7B Inflow Signals Crypto Market Upswing<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" 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 […]<\/p>\n","protected":false},"author":0,"featured_media":109969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-109968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109968"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=109968"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/109969"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=109968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=109968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=109968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Weak Prices but Strong Foundations<\/h2>\n