A minimal of some traders were thinking about looking out for out the dip after the bulk of crypto tokens saw inviting declines on Monday.

Records from DeFiLlama presentations that a alternative of centralized crypto exchanges recorded a principal quantity of inflows over the closing day.

Binance recorded $2.27 billion fee of inflows over the closing 24 hours, with the total resources on the platform valued at $101.1 billion on the time of writing. Binance’s inflows over the closing day makes up 65% of acquire inflows to the exchange over the closing day.

Crypto exchanges OKX, Bybit and Crypto.com additionally saw inflows of over $100 million every over the identical length.

Richard Teng, Binance’s recent CEO who took the reins after Changpeng Zhao stepped down, illustrious on X that the exchange recorded a $1.2 billion inflow on Aug. 5 – the identical day that bitcoin dropped to a low $50,000 and investor sentiment shifted away from threat resources.

“This marks one in all the very best acquire inflow days of 2024, indicating solid investor self assurance. The day earlier than on the present time additionally saw one in all the very best buying and selling volumes on Binance year-to-date,” acknowledged Teng in an Aug. 6 post.

“We’re in actual fact witnessing a rebound in predominant token prices, with recent market trends validating this.”

While Teng attributed mighty of these inflows to investor self assurance, he made no present of what percentage of the day’s flows came from Jump Crypto. Blockchain data showed that Jump had been sending batches of crypto to Binance, Coinbase, OKX, Bybit, and Gate.io through Sunday.