Analyst JA Maartun from the cryptocurrency analysis company CryptoQuant evaluated the altcoin movement in his statement.
Cryptocurrency analyst JA Maartun highlighted an important development in the crypto market in his latest statement.
According to Maartun, altcoin transfers to Binance have been increasing significantly in recent days. The seven-day transaction count has surpassed 45,000, reaching its highest level since the end of 2024.
This momentum came just after Bitcoin surged above $112,000, a development Maartun said indicated that investors were once again turning to altcoins.
“Bitcoin has remained sideways for the past few months, with no significant change in exchange inflows. Now, there are strong signals that investors are preparing to reposition themselves,” the analyst said.
Maartun stated that this increase in altcoin transfers indicates that users are moving their assets not just to hold them on exchanges but to engage in active trading. He added that this could mean either selling via stablecoin purchases or preparing for new purchases. The market’s direction will determine how these transactions play out.
