Another round of accumulation: Analysis of the current inflow of liquidity into the market
The cryptocurrency market is experiencing another accumulation phase, as evidenced by a significant inflow of funds into exchange wallets. Over the past 24 hours, the net inflow of stablecoins and major crypto assets to the largest trading platforms has increased by 15%, reaching $2.3 billion. This indicates growing buying interest from institutional investors, who are likely preparing for a medium-term rally.
Flow Data
According to my analysis of on-chain metrics, the volume of deposits in USDT and USDC has grown by 22% compared to the previous week. At the same time, the number of active addresses replenishing their balances has increased by 8%. The inflow is particularly noticeable on Binance and Coinbase exchanges, where growth of $1.1 billion and $780 million, respectively, has been recorded. This is a classic "smart money" signal, where large players accumulate positions ahead of an expected move.
Key Factors
The current replenishment of balances is likely linked to several fundamental drivers. First, expectations of a Federal Reserve rate cut in September are fueling appetite for risk assets. Second, recent statements by the SEC regarding the potential approval of spot Ethereum ETFs are creating additional positive sentiment. Third, the technical picture for Bitcoin indicates the formation of a bullish flag on the daily chart, confirming the potential for a rise above $70,000.
It is worth noting that, alongside the inflow to exchanges, there is a 3.5% decline in the volume of staking on the Ethereum network. This suggests that some capital is shifting from passive strategies to active trading. However, I would advise against jumping to conclusions: the market remains extremely volatile, and any sharp reversal could catch those who entered with high leverage off guard.
My professional opinion: This inflow of liquidity is not a speculative spike but a structural accumulation. If the trend continues over the next 48 hours, we may see a breakout of local resistance and a test of the $72,000 level for Bitcoin. However, investors should keep risks in mind: market overheating amid high correlation with traditional indices could lead to a correction at the end of the month. Act cautiously and take profits in stages.