Stablecoin inflows into Binance have seen a significant jump this week, sparking optimism that the crypto market might be poised for a breakout. According to a May 8 post on X by crypto analyst Darkfost, Binance stablecoin deposits have been steadily increasing over the past three days, with nearly $1 billion flowing in on May 6 alone—the highest amount since April. This surge suggests investors are preparing to re-enter the market after weeks of stagnant prices. Stablecoins are frequently sent to exchanges when traders plan to buy crypto. The recent activity signals growing confidence in the market. Binance’s stablecoin reserves have been steadily growing since November 2024, making it the largest centralized exchange for this asset class.