ChainCatcher news, Santiment posted on X that in traceable wallets, there has been an average inflow of about 40 million USD in USDT to exchanges daily over the past 8 weeks. To drive this bull market rebound and many historic cryptocurrency surges, stablecoins will continue to flow in during the final stages of 2024.

ChainCatcher news, according to CoinDesk, as traders flock to exchanges with $231 million (62,000 ETH) in anticipation of the ETF, the market is expected to experience volatility.Analysts indicate that a large influx of ETH into exchanges typically signals increased selling pressure, which may lead to heightened price fluctuations. Currently, market sentiment is high, with investors optimistic about the upcoming Ethereum ETF, driving recent capital flows and market activity.

ChainCatcher news, according to data monitoring by IntoTheBlock, Bitcoin saw a net inflow of $860 million into exchanges this week, the highest since March of this year.