Binance Records $179M Net Inflow of USDT in 24 Hours

Binance has recorded a net inflow of $179 million in USDT over the past 24 hours, according to CoinGlass. The figure represents funds flowing into a single exchange and does not directly indicate the direction of the overall cryptocurrency market. CoinGlass cited Glassdata as reporting at 9:39 p.m. KST on May 15 that Binance's 24-hour net inflow amounted to $179 million USDT. CoinGlass tracks net inflows based on assets entering and exiting exchange wallets, providing data on exchange asset balances and 24-hour capital movements. According to CoinGlass documentation, a net inflow means more assets entered an exchange than exited during a given period. However, it is difficult to determine whether the inflowing USDT was used for spot purchases, as margin for derivatives, or internal transfers within the exchange solely from this figure. Earlier, the publication reported Binance's 24-hour USDT net inflow at $249 million. When interpreting exchange net inflows, it is necessary to consider spot trading volume, open interest in derivatives, and cross-exchange flow movements as well.