PANews August 15 report, CryptoQuant tweeted that $1.82 billion stablecoins have massively entered Binance, suggesting that prices may rise. Analyst Amr Taha believes that "such inflows usually indicate that investors intend to allocate funds into the Spot market, whether for strategic accumulation or short-term trading opportunities."
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.
CryptoQuant: $1.82 billion stablecoin influx to Binance indicates a potential pump in prices.
PANews August 15 report, CryptoQuant tweeted that $1.82 billion stablecoins have massively entered Binance, suggesting that prices may rise. Analyst Amr Taha believes that "such inflows usually indicate that investors intend to allocate funds into the Spot market, whether for strategic accumulation or short-term trading opportunities."