Analyst: Since August, the amount of USDT held by exchanges has rapidly increased
On September 10th, analyst Yonsei_dent from CryptoQuant revealed that since August, the amount of USDT stablecoin held by exchanges has rapidly increased. However, from March to July, USDT did not experience significant fluctuations due to price changes. When stablecoins flow into exchanges and increase their holdings, it is generally understood as funds waiting for purchase, which will have a positive impact on prices. However, an increase in holdings does not necessarily mean a price rise. As it is "reserve funds", if the market trend is unclear or the global economy is difficult, they may not buy due to risk aversion sentiment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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