CoinVoice has recently learned that the cryptocurrency market research agency Santiment has stated on social media that after a general decline in the market during Christmas, there is an encouraging trend in the cryptocurrency market - whales are transferring stablecoins to trading platforms.
According to Santiment's CEX deposit dashboard, there have been 7 deposits worth at least $9 million transferred to Binance in the past 24 hours, one of which was as high as $50 million (accounting for 2.33% of the total supply).
When this dashboard shows stablecoin deposits dominating the inflow and outflow of trading platform funds, it is usually a strong signal indicating that whales are preparing to buy, 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. [Original link]