Why $25B in whale stablecoin inflows matters for crypto's next move

Whale stablecoin inflows into Binance have dropped to $25 billion, down from $63 billion at the peak in 2025, CryptoQuant data shows. The figure is the lowest since November 2024, a level that previously preceded a period of low volatility and sideways trading, according to the data provider.

Oil-driven inflation concerns and unresolved geopolitical tensions pushed investors to the sidelines. The Crypto Fear and Greed Index has stayed below 40, in "Fear" territory, since May 19, according to the index. The data shows investors now prefer to hold stablecoins over risk assets, with volatility concerns remaining elevated, CryptoQuant data indicated.

Whale inflows have a history of shifting market direction. In February, after Bitcoin fell, a resurgence of whale deposits helped build a support wall and pushed the price into a rebound, CryptoQuant data showed. Since then, inflows have declined.