Exciting data from an on-chain analysis has recently surfaced, revealing accumulation patterns in Bitcoin and Ethereum on the Binance exchange that have historically preceded renewed bullish momentum.
Binance Sees $1.77B BTC/ETH In Outflows As $1.58B In Stablecoins Enter
In a QuickTake post on November 14, pseudonymous market analyst CryptoOnchain shares insights into the crypto market direction, based on Binance activity. This post revolves around the Binance 7-Day Asset Netflow By Network metric, which shows if more volumes of an asset on specific networks are being deposited into Binance (net inflow), or being withdrawn (net outflow) over the past seven days, revealing the underlying activity across different asset types.
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According to CryptoOnchain, a net outflow of $1.77 billion in Bitcoin and Ethereum assets has been
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