Altcoin inflows to Binance fall to lowest since August
- —Altcoin inflow index to Binance at 0.80 versus a 1.00 norm, lowest since August 20
- —90-day token inflows down 43%, incoming transactions down 32%
- —Inflows declined for 75% of the 56 tracked tokens
- —Stablecoin reserves on Binance at $41.6 billion, a one-year low
Why it matters: Fewer coins moving to exchanges eases selling pressure, but weaker on-chain activity and shrinking stablecoin reserves point to a lack of fresh capital to drive a rally.
Source: BeInCrypto RU