The inflow of funds into the exchange has reached a new high in the past two days.

Binance saw over 2 billion USD inflow in just one week last week, and with previous totals exceeding 5 billion, nearly 6 billion has flowed in over the past two days, marking the largest scale of inflow since 2022. The intensity and volume are quite unusual. Especially in this current phase of sideways consolidation and building momentum, the sudden influx of two large waves of capital in a short time easily leads one to wonder if something is brewing.

Last week, we actually noticed that some old whale accounts were concentrating on selling Bitcoin. If this money hadn't come in earlier to support the market, it would have been difficult to sustain that wave of selling pressure. So it's highly likely that they have already laid out their strategy, stabilizing the market first, and then waiting for an opportunity to act. This new influx of cash looks like it is preparing for the next rotation. In previous bull markets, before the altcoin rally began, some whales would first exchange part of their Bitcoin for altcoins, which is a typical rhythm. If Bitcoin can pull up again, it could indeed be a good time for reallocation.

Of course, global liquidity is still relatively tight, the US is still shrinking its balance sheet, and interest rate cuts have barely started. If the altcoin season were to kick off early in this environment, it might not be a comprehensive explosion but rather a localized one, with a few coins performing strongly while the majority might still be drained.