CoinMeta data: According to analyst Darkfost, whales who transfer over 1 million US dollars in stablecoins to Binance have seen their 30-day cumulative inflow rise from 21.7 billion US dollars to 30.5 billion US dollars within just over a month, an increase of over 40%. The inflow of stablecoins into exchanges is generally seen as a preparation to establish market exposure and may correspond to potential buying pressure. The capital flow of this group had previously been on a continuous decline from its peak of over 61 billion US dollars in October. Currently, against the backdrop of a structural reversal in Bitcoin's trend, market attention to the seasonal trends of October, as well as ongoing conflicts, inflation, and rising bond yields, they are deploying liquidity more cautiously.