ERC-20 Stablecoin flow into exchanges after the US election 🇺🇸
- According to analysis from CryptoQuant, following the results of the US presidential election, the flow of ERC-20 stablecoins surged, reaching $9.3 billion - the second-highest level ever recorded.
- Binance received approximately $4.3 billion, while Coinbase garnered $3.4 billion. History shows that such large inflows often indicate a strong bullish trend in the market.
- Coinbase's Premium index increased to 0.06, indicating significant buying pressure from US investors.
- The CME exchange also recorded a record increase in open interest, adding $1.2 billion in just one day.
- Although there may be short-term volatility, the participation of institutions and a clearer regulatory framework could drive stability and long-term growth for the cryptocurrency market. 📈