On-chain data from Coinglass reveals a notable rise in the supply of stablecoins on centralized exchanges (CEXes), signaling increasing purchasing power among traders, especially whales.
The supply of USDC on CEXes surged by nearly $1 billion, reaching $4.48 billion since December 26, 2024. Similarly, the supply of USDT-Ether jumped from $21 billion in November 2024 to over $38 billion. FDUSD deposits on Binance alone increased by $50 million in the past 24 hours, as noted by on-chain intelligence platform Sentiment.
These stablecoin inflows are seen as preparation for strategic investments, coinciding with Bitcoin’s dominance reversal after a two-year rising channel pattern.
The TOTAL2 and TOTAL3 market caps of altcoins have been climbing, supported by gains from the victory of pro-crypto leaders in the United States. Leading altcoins like Chainlink (LINK), XRP, Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE) are showing macro bullish trends, potentially signaling a parabolic rally in the near term.
With pro-crypto policies on the horizon and rising market confidence, Bitcoin and altcoins could be poised for substantial growth in 2025.