Summary
- It was reported that a large amount of stablecoins has flowed into the global virtual asset exchange Binance.
- It was announced that the inflow of stablecoins worth $1.82 billion into Binance suggests a higher probability of a price increase.
- Amr Taha, a contributor to CryptoQuant, evaluated that "whales and institutional investors are moving large-scale capital to the exchange."
It has been reported that a large amount of stablecoins has flowed into Binance, the global virtual asset (cryptocurrency) exchange.
On the 15th (local time), CryptoQuant announced via X (formerly Twitter), "Stablecoins worth $1.82 billion have flowed into Binance," adding, "This suggests that the probability of a price increase has risen."
Amr Taha, a contributor to CryptoQuant, assessed that "whales and institutional investors are transferring large-scale capital to the exchange."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
