Odaily Planet Daily reported that Santiment stated on X that after a general decline in the market during Christmas, an encouraging trend has emerged in the cryptocurrency market—whales are transferring stablecoins to exchanges. According to Santiment's CEX deposit dashboard, in just the past 24 hours, there were 7 deposits of at least $9 million into Binance, including one as high as $50 million (accounting for 2.33% of the total supply). When the dashboard shows that stablecoin deposits dominate the inflow and outflow of exchange funds, it is usually a strong signal indicating that whales are preparing for purchases, which could drive the overall market prices up. Although this does not guarantee that whales will immediately use these funds, it can be seen as a bullish signal as we approach the end of 2024.