🚀🚀Binance Stablecoin Inflows Signal Rising Spot Market Demand Amid Bitcoin Sell-Off
On-chain report shows that stablecoin deposits on cryptocurrency exchange Binance have surpassed $1.65 billion. Such massive user deposits are generally known to precede increased appetite for spot assets, especially after recent market sell-offs. Interestingly, this move comes as Bitcoin crumbles under the weight of whale sheddings and heavy liquidations.
