Binance Altcoin Inflows Skyrocket Ahead of Fed Decision

Binance's altcoin inflows have surged to a seven-day average of around 31,800 deposit transactions. This is according to CryptoQuant analyst Darkfost's September 15 market update, which also reported increased activity at other centralized exchanges.

The latest figure is about three and a half times the July level, when Binance recorded roughly 8,300 altcoin inflow transactions per week. Coinbase rose from approximately 2,200 to 4,700 transactions, while Bybit reached around 2,700.

Darkfost noted that the increase 'could be tied to selling pressure' but added that the pressure was not unusually high at the time of his analysis. He also pointed out that transaction counts alone do not identify trade direction or whether an individual depositor intends to sell.