Binance Records $201 Million USDT Net Inflow in 24 Hours, Coinglass Data Shows

According to data from crypto analytics platform Coinglass, Binance experienced a net inflow of 201 million USDT over the past 24 hours, as reported by ChainCatcher. The figure indicates that USDT deposits on the exchange significantly outpaced withdrawals during the period. The net inflow of 201 million USDT represents approximately $201 million worth of funds flowing into the platform, which can be readily used to purchase major crypto assets like Bitcoin. USDT is a stablecoin pegged 1:1 to the U.S. dollar and serves as the primary trading medium in the cryptocurrency market. As the largest centralized exchange by trading volume, Binance's USDT net inflow data is often used by market participants as one of the references for gauging short-term capital movements. Coinglass derives its net inflow metric by monitoring changes in exchange wallet balances, reflecting the net deposit direction over a specific time frame.