The inflow of Bitcoin to exchanges has fallen to levels not seen since 2016 — over the past few weeks, the daily figure has decreased to 30,000 BTC. According to CryptoQuant analysts, this may indicate an impending rally for the first cryptocurrency.

Analysts also pointed to the increase in stablecoin reserves on the Binance exchange to a record $31 billion, whereas in June 2023, the figure was only $7 billion. This indicates buying pressure, the experts clarified.