The influx of stablecoins to the Binance exchange reached $9 billion over 30 days. This figure is nearing historical peaks that previously preceded significant market movements, noted the analyst known as CryptoOnchain.
Return of Buying Power to Binance: $9 Billion in Stablecoins Accumulated
“Peaks have historically been followed by increased volatility and the kickoff of new uptrends; current signal serves as a major alert for the market.” – By @CryptoOnchain
Link ⤵️https://t.co/yXhYfCLX93 pic.twitter.com/5kZya8imBy
— CryptoQuant.com (@cryptoquant_com) November 17, 2025
According to him, the change in ERC-20 standard stablecoin reserves on the platform has reached a critically important level.
The accumulation of such a volume of “dry powder” signals high buying interest. Investors are moving assets to Binance to prepare for opening positions.
Historically, such peaks have led to increased volatility and the start of upward trends. Capital “on standby” can quickly shift market dynamics in favor of the bulls, concluded CryptoOnchain.
Seller Pressure
The bitcoin futures basis has turned negative, indicating prevailing bearish sentiment and caution among traders. This was highlighted by CryptoQuant expert under the pseudonym abramchart.
Negative BTC Basis Signals Caution
“The market is no longer showing a futures premium; instead, traders are pricing risk lower. A return above 0% — 0.5% Basis would be the first sign of recovering confidence.” – By @abramchart
Full analysis ⤵️https://t.co/TKg09oP01E pic.twitter.com/ROrHlBwvM8
— CryptoQuant.com (@cryptoquant_com) November 17, 2025
The situation where futures trade below the spot price indicates weak demand for leverage. According to the analyst, a negative basis usually appears when participants reduce risks or close long positions.
“Currently, the price of the leading cryptocurrency is in the ‘base zone’, which typically reflects seller pressure or position reduction,” explained abramchart.
Short-term bearish sentiment is also confirmed by the seven and 30-day moving averages—both showing a downward slope.
The expert concluded that traders are pricing in lower risks. The first sign of recovering confidence would be the basis returning to positive values in the range of 0-0.5%.
Earlier in November, researchers at Bernstein stated that the decline in the price of digital gold is short-term and does not signify the start of a major downtrend.