Key Takeaways:
Binance absorbed $2.1B in stablecoin inflows, the largest among exchanges.
Total inflows reached $7.6B in USDT and USDC, signaling pre-Fed positioning.
Whale deposits on Binance averaged $214K, the biggest across major venues.
Open interest rose by $166M on Binance, driving derivatives long exposure.
Binance at the Center of Pre-Fed Liquidity Build
Ahead of today’s Federal Reserve rate decision, crypto traders are piling stablecoins onto exchanges—and Binance is leading the way.
Data from CryptoQuant shows $7.6 billion in USDT and USDC inflows across centralized platforms this week. Binance captured $2.1 billion, the largest share, while Coinbase followed with $1.6 billion.
Julio Moreno, CryptoQuant’s Head of Research, said the inflows suggest traders are parking liquidity on major venues until Fed Chair Jerome Powell outlines the policy outlook.
Binance Dominates Whale Flows
Not only did Binance lead in total inflows, but it also saw the largest average whale deposits.
Binance: $214K avg. per transaction
Bitstamp: $181K
Deribit: $166K
The surge marks a sharp increase from July, when average USDT deposits sat at $63K. Binance’s dominance indicates that institutional and large traders view it as the primary staging ground for deploying capital.
Derivatives Market: Binance in the Driver’s Seat
In futures and derivatives, Binance again led the field. Exchange open interest flipped positive for the first time since Sept. 13, with Binance accounting for the largest jump in OI—up $166M.
This tilt came from new long positions and short covering, suggesting traders are positioning for potential upside if the Fed cuts rates as expected.
Market Outlook
If the Fed delivers a 25 bps cut, the billions parked on Binance and other exchanges could rotate rapidly into risk assets, amplifying volatility.
While a surprise policy stance could reset positioning, the buildup underscores Binance’s role as the key liquidity hub for traders navigating macro catalysts.
As Moreno summarized: “The market wants to buy dips, not sell rips—and Binance is where that capital is waiting.”
