Binance leads the stablecoin inflow ahead of #CPI 📈
Stablecoins are returning to exchanges after the recent market downturn. The latest stablecoin inflow reached +3.2 billion dollars, marking one of the strongest liquidity increases in over a month. This is a clear sign that traders are preparing for a significant volatility around the upcoming CPI announcement.
30-day volatility of ERC-20 stablecoin reserves (USDT + USDC):
- Binance: +1.423 billion dollars
- Bybit: +1.228 billion dollars
- OKX: +1.114 billion dollars
- Other exchanges: -549.6 million dollars
The impacts are as follows:
- If the CPI is lower than expected, this inflow could trigger a price increase as traders convert stablecoins into Bitcoin and altcoins.
- Conversely, if the CPI unexpectedly rises, these funds may continue to stay on the sidelines or exit, signaling caution and the potential for further declines.
