Altcoin deposits to Binance jumped to a new high with highly active transfers in the past week

Description

Altcoin deposits to Binance rose to a one-week high, even as asset prices weakened. The inflows signal a reversal of the altcoin market trend as traders show caution. Traders are depositing altcoins to Binance, potentially sparking a sell-off. Based on CryptoQuant data, cumulative altcoin inflows into Binance rose to a one-week high, just as price action was weakening for the top 100 assets excluding BTC and stablecoins. Altcoin deposits to Binance spiked suddenly, causing speculations on either...