BlockBeats news, on December 27, the crypto market research organization Santiment posted on social media that after a general decline in the market during Christmas, there has been an encouraging trend in the cryptocurrency market — whales transferring stablecoins to trading platforms. According to Santiment's CEX deposit dashboard data, in just the past 24 hours, there have been 7 deposits of at least $9 million each into Binance, one of which was as high as $50 million (accounting for 2.33% of the total supply).
When this dashboard shows stablecoin deposit dominance on trading platforms, it is usually a strong signal indicating that whales are preparing to buy, which could drive up the overall market price. Although this does not guarantee that whales will use these funds immediately, it can be viewed as a bullish signal as we approach the end of 2024.