More than $1 billion in net stablecoin inflows reached Binance in August, helping Bitcoin rise around 22% and producing crypto’s best month of 2026, according to CryptoQuant analysis. The inflows arrived in spikes during some of Bitcoin’s strongest expansion days, but remained modest against about $5.1 billion that left Binance since the beginning of 2026 and more than $16 billion in outflows from major exchanges. Binance accounts for about 71% of stablecoin flows between exchanges. Analysts said exchange flows turned neutral after a prolonged outflow period, with slightly positive 30-day flows for the first time since May, but found no evidence of sustained inflows or broad risk-taking. The BTC stablecoin ratio and oscillator indicate that available liquidity remains limited and demand cooled after peaking on Aug. 21, leaving uncertainty over whether Bitcoin can reclaim $80,000 or begin a new bull market. On-chain activity also improved: stablecoin transactions rose more than 31% over 30 days, average daily transactions increased more than 11%, and DeFi lending protocols added $7 billion in value. Stablecoin supply reached $304.6 billion in August, while USDC supply grew 2.5%, largely through new mints on Solana.