Altcoin deposits to Binance have climbed sharply, with the 7-day transaction count now above 45,000, the highest level since late 2024. This rise in activity comes just after Bitcoin pushed above $1120,000, which now finally pulls more attention toward altcoins.
Over the last few months, inflows stayed steady with no big moves. This was during the period when Bitcoin went more-or-less sideways. This increase may point to more traders getting ready to act.
When deposits like these rise, it usually means users are moving funds onto the exchange to trade, and not to hold. Whether this leads to more buying (in case of USDT/USDC deposit) or selling (Altcoins to stablecoins) depends on how the market moves next but actvitiy is clearly rising.
Written by maartunn
