Bitcoin Draws $4.9B in Binance Stablecoin Inflows Since Aug 13 — On-Chain Analyst Murphy Warns of Post-Balance Game Amid $112,700 Resistance
BTC/USDT
$20,935,947,355.57
$72,026.09 / $69,855.73
Change: $2,170.36 (3.11%)
+0.0034%
Longs pay
On-chain data analyst Murphy highlighted an acceleration in Binance stablecoin balances after BTC peaked at $112,575 and encountered resistance near the short-term cost line at $112,700, validating analysis from the perspectives of short-term holder sentiment and cost-basis dynamics.
From August 13 to September 3, Binance’s mainstream stablecoin pool (USDT+USDC) registered a net inflow of $4.9 billion—surpassing comparable pullbacks in August 2024 ($3.4B) and March 2025 ($2.8B). Material daily injections included Aug 14 (+$1.83B), Aug 22 (+$1.72B), Aug 26 (+$760M) and Aug 28 (+$680M).
After adjusting for Binance financial activities, the incremental liquidity remains approximately $3.6 billion. While spot and derivatives metrics currently skew bearish, the on-chain data profile indicates capital positioned to engage in a potential long-short game. This analysis is provided for informational purposes only and does not constitute investment advice.