The crypto market is showing notable movements once again. Following recent price corrections, large amounts of stablecoins, Bitcoin, and Ethereum are flowing toward major trading exchanges like Binance and Coinbase. What does this unprecedented inflow indicate about trader sentiment, and what might it mean for upcoming price movements?
Record Stablecoin Inflows #
According to a post on X by CryptoQuant, trading exchanges like Binance and Coinbase are seeing significant coin inflows following the correction of recent weeks. The amount of stablecoins on Binance has just reached an all-time high of over $51 billion. This figure has been rising sharply since the end of 2024. Binance is by far the market leader in this area with a total of $12 billion more than the second-place exchange. In monthly inflows, Coinbase and Binance usually don’t differ much, except in recent months.
Bitcoin and Ethereum inflows are also rising as Bitcoin prices decline. Around $40 billion worth of these coins were sent to primarily Binance and Coinbase.
Trading volumes have declined sharply, according to CryptoQuant. These peaked around the crash of October 10, 2025.
What Do These Figures Mean? #
When many coins are moved to a trading exchange, it often means traders plan to trade them. This can be done by selling them directly, but they can also set a stop loss when the coins are on an exchange. This allows them to position themselves to sell the coins at a fixed price should this be the beginning of sharply declining prices.
When many people move their coins to a trading exchange, this can create additional selling pressure. Analysts see this and can anticipate movements of these coins.
Stablecoins like USDT and USDC, on the other hand, are used specifically to buy coins like Bitcoin or Ethereum. When more stablecoins come to an exchange, this seems to suggest that traders plan to strike at the right moment and convert their stablecoins into primarily Bitcoin and Ethereum.
Scenarios #
This setup appears to indicate that there is a lot of uncertainty in the market. It’s possible that one group acts first and this then triggers the second group. For example, it’s possible that stablecoin holders will convert them into Bitcoin and Ethereum. In that case, there’s a possibility that many Bitcoin and Ethereum holders will remove their coins from the trading exchange again because they have regained confidence. If it goes the other way, it could be that Bitcoin and Ethereum are bought just as quickly as they are offered. This could form a bottom and support for Bitcoin and the crypto market.