Data from Coinglass shows that cryptocurrency exchange Binance recorded a net inflow of 284 million USDT in the last 24 hours. The figure represents the difference between total inflows and outflows during that period, with more USDT entering the exchange than leaving.
Coinglass is a widely referenced on-chain and exchange data tracker that monitors stablecoin and crypto asset flows across major platforms. USDT, as the largest dollar-pegged stablecoin by market capitalization, is a common vehicle for large-scale capital transfers. Binance, the world’s leading centralized exchange by trading volume, sees its short-term net inflow data often used by market participants as one metric to gauge capital deployment, although it does not indicate future price direction.