Binance consistently leads in altcoin and stablecoin deposit transactions, reflecting strong user activity across Ethereum and TRON networks.
Daily stablecoin inflows and BTC withdrawals suggest Binance remains a strategic base for capital positioning and liquidity movement.

As other crypto exchanges try to compete for traders’ attention, Binance remains at the forefront. In a recent report from CQ Research at CryptoQuant, Binance was listed as the top destination for altcoin deposits, even when market conditions were not so hot.

Take for example the November-December 2024 altcoin rally. During that period, Binance recorded up to 59,000 altcoin deposit transactions in a single day.

Compare that to Coinbase which only recorded around 26,000 transactions and the other exchanges combined which were less than 25,000. That’s not a small gap. Even on quieter days, Binance still excels with an average of 13,000 altcoin deposit transactions per day, while Coinbase only has around 6,000 and others in the range of 10,000.

Furthermore, these altcoin deposit spikes often occur after the market has experienced a rally. Many traders usually choose to “cash out” their profits before the market mood changes. This also explains why such moments often coincide with short-term price peaks. And it can be said that if altcoins start to be widely transferred to Binance, there will usually be interesting movements shortly afterward.

Source: CryptoQuant

Binance Dominance Not Only in Altcoins, Stablecoins Too

On the other hand, Binance is also a giant in terms of stablecoin deposits, both on the Ethereum and TRON networks. For USDT and USDC on Ethereum alone, Binance processed around 53,000 transactions. Coinbase is below it with 42,000, followed by Bybit (28,000) and OKX (11,000). These numbers show one simple thing: when traders bring money into the Ethereum network, they prefer to put it on Binance.

Source: CryptoQuant

But the story on TRON is much more striking. Over the last 7 days, Binance received 384,000 USDT inbound transactions. That’s way above Bybit (321,000) and HTX (163,000). For those who are used to seeing stablecoins as a signal of “combat capital,” this data is quite clear. Traders choose Binance as a place to “park ammunition” before moving.

Not only that, according to CNF, Binance currently holds more than 60,000 BTC in an unrealized profit position. This is not a small number, and is proof that many users still have full confidence in the platform.

Although there was a withdrawal trend for several weeks, new data shows that inflows are starting to flow again. This could be an indication that traders are starting to become active again after waiting for the right moment for so long.

Interestingly, analysis from another analyst at CryptoQuant, Amr Taha, added that in the second week of June, net stablecoin inflows to Binance had reached $400 million per day. And on June 16, along with the large stablecoin inflow, there was a Bitcoin withdrawal of ±4,500 BTC.

This combination often triggers the formation of new dynamics between supply and demand, which usually—if there are no other surprises—push prices up.

To put it simply, when money comes in, Bitcoin goes out, and platforms like Binance dominate the flow, there is a big chance that the market is getting ready to “move.”

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Filed under: Bitcoin - @ June 18, 2025 12:00 pm