๐น Binance Dominates Stablecoin Inflows
Binance is taking the spotlight as traders prepare for todayโs Federal Reserve rate decision. The exchange saw huge stablecoin inflows of $2.1 billion, the biggest among major crypto platforms. In total, USDT and USDC deposits reached $7.6 billion, showing that investors are moving money onto exchanges to position for possible market moves. ๐ฅ๐
Big players are also active. Average whale deposits on Binance hit $214K, the highest across major venues. This shows that institutional and high-net-worth investors are actively placing funds on Binance in anticipation of market changes. ๐ฐ๐
Derivatives markets are seeing more action as well. Open interest rose by $166 million, increasing long exposure and reflecting trader confidence in potential upside. With stablecoins piling in and liquidity surging, Binance is at the center of pre-Fed market activity, making it the exchange to watch as traders position themselves for todayโs big decision. ๐๐
