Crypto market researcher Santiment said in a social media post that there was an encouraging trend in the cryptocurrency market after the general drop in the Christmas market, with whales transferring stablecoins to trading platforms. According to Santiment's CEX deposit dashboard data, in the past 24 hours alone, seven deposits worth at least $9 million were transferred to Binance, including one as high as $50 million (2.33% of the total supply). When this dashboard shows stablecoin deposits dominating the flow of funds in and out of the trading platform, it is usually a strong signal that the whales are preparing for a purchase that could drive the overall market price up. While this does not guarantee that the whales will immediately use the funds, it can be seen as a bullish signal towards the end of 2024.