$1.4B USDT Enters Binance as Crypto Liquidations Plunge 98%

The cryptocurrency market experienced a significant drop, losing approximately $400 billion in just 24 hours. However, there are signs of recovery:

Traders and investors deposited 1.4 billion USDT tokens via ERC-20 to Binance, contributing to a total of $1.81 billion in stablecoin deposits on centralized exchanges.
This influx of stablecoins often indicates potential accumulation of Bitcoin and altcoins.
Crypto liquidations, which reached a record $19.35 billion, have decreased by nearly 98% to $507 million.
Reduced liquidations suggest traders are awaiting a catalyst, leading to lower volatility.

Recent market declines weren't isolated to crypto; the S&P 500 dropped 2.7%, and Nvidia’s stock fell 4.9%, triggered by geopolitical tensions involving increased tariffs on China.

Despite this, some cryptocurrencies show small gains:

Bitcoin rose from $109,715 to $111,530.
Ethereum recovered from $3,650 to $3,830.

If the trend of stablecoin inflows continues, a broader market recovery might follow, contingent upon macroeconomic conditions.