#BTCBreaks99K Meanwhile, CryptoQuant reported that over the past three days, the volume of stablecoins sent to Binance has significantly increased. The peak occurred on May 6, when the inflow amounted to nearly $1 billion, marking the largest single-day deposit since April.

"Inflows of stablecoins typically indicate investors' readiness to enter the market, as these assets are often sent to exchanges in anticipation of purchases," the publication states.

The growth in stablecoin reserves indicates an increase in liquidity, suggesting that traders are preparing for future market operations.