Analysis: There are signs of whale capital returning, and Binance stablecoin inflows have increased by more than 40% from a low point

According to BlockBeats news, on October 2, CryptoQuant analyst Darkfost issued an article saying that whales holding large amounts of funds are increasing the size of stablecoin transfers to Binance. Data shows that the 30-day cumulative inflow of whale addresses with a single transfer of more than $1 million in stablecoins has risen from $21.7 billion to $30.5 billion, an increase of more than 40% from more than a month ago.

Usually, the inflow of stablecoins into trading platforms often means that funds are preparing for market layout, so the increase in whale stablecoin inflows may be related to potential buying pressure.

Data shows that whale stablecoin inflows previously exceeded $61 billion at a high in October, before experiencing a prolonged decline. Recently, as the structural trend of Bitcoin has changed, the financial behavior of giant whales has begun to change, but they still remain cautious.

Darkfost said that the current deployment of whale funds is affected by multiple factors, including market expectations for the "October market", as well as macro-environmental factors such as conflicts, inflationary pressures and continued rise in bond yields.