Analysis: Signs of whale capital returning are emerging, with stablecoin inflows to Binance growing over 40% from their low point.

BlockBeats news, October 2 — CryptoQuant analyst Darkfost posted that whales holding large amounts of funds are increasing the scale of stablecoin transfers to Binance. Data shows that for whale addresses transferring more than $1 million in stablecoins in a single transaction, their cumulative 30-day inflow has risen from $21.7 billion to $30.5 billion, an increase of more than 40% compared with more than a month ago.

Typically, stablecoin inflows to trading platforms often mean that funds are preparing for market positioning, so the increase in whale stablecoin inflows may be related to potential buying pressure.

Data shows that whale stablecoin inflows previously exceeded $61 billion at the October high, then experienced a relatively long decline. Recently, as Bitcoin's structural trend has changed, whale capital behavior has begun to shift, but they still remain cautious.

Darkfost said that current whale capital deployment is affected by multiple factors, including market expectations for an "October rally," as well as macroeconomic factors such as conflict, inflationary pressure, and continuously rising bond yields.