Binance and Coinbase May Fuel Next Phase of Market Rally, Here's Why

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Binance and Coinbase seeing massive stablecoin inflows

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Interestingly, historical precedence showed similar inflows between September 2020 and February 2021 before the market rallied. Therefore, market trend observers are betting that if similar conditions occur, the market could likely witness a buying spree. Such increased buying may trigger a price surge across the crypto market.Overall, CryptoQuant and other analysts project that current sentiment could influence many investors to move more capital into crypto assets.

 

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