Rising USDT Holdings On Exchanges Signal Potential Market Surge

The post Rising USDT Holdings On Exchanges Signal Potential Market Surge appeared on BitcoinEthereumNews.com.

USDT holdings on cryptocurrency exchanges have been climbing, hinting at a potential wave of buying pressure in the market. According to data from IntoTheBlock, $300 million worth of stablecoins flowed into exchanges yesterday, suggesting that investors may be positioning themselves to capitalize on the recent market dip. $300 million worth of stablecoins flowed into exchanges yesterday, signaling a potential move by investors to capitalize on the dip. pic.twitter.com/c7CTrqc8oT โ€” IntoTheBlock (@intotheblock) September 10, 2024 An influx of stablecoins into exchanges often serves as an indicator of upcoming buying activity. With the Consumer Price Index (CPI) report and the Federal Open Market Committee (FOMC) meeting on the horizon, it appears that larger investors, or โ€œwhales,โ€ are preparing for a potential market pump. ๐—œ๐˜€ ๐—ฎ ๐—ฏ๐—ถ๐—ด ๐—ฝ๐˜‚๐—บ๐—ฝ ๐—ฐ๐—ผ๐—บ๐—ถ๐—ป๐—ด ๐—ณ๐—ผ๐—ฟ ๐—•๐—ง๐—– ๐—ฎ๐—ป๐—ฑ ๐—ฐ๐—ฟ๐˜†๐—ฝ๐˜๐—ผ? USDT holdings on exchanges have started going up ๐Ÿ“ˆ When stablecoin flow to exchange increases, it often signals that buying pressure is coming. With #CPI data and #FOMC coming soon, it seems like whalesโ€ฆ pic.twitter.com/XaHFVxfVa8 โ€” Wise Advice (@wiseadvicesumit) September 10, 2024 In the past month, a substantial $3.65 billion in stablecoins has flowed into the cryptocurrency market through USDT, reflecting growing investor interest. Over the past two weeks alone, the supply of stablecoins has expanded by $1.08 billion, further indicating rising liquidity within the market. ๐‹๐ข๐ช๐ฎ๐ข๐๐ข๐ญ๐ฒ ๐ˆ๐ฌ ๐…๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ˆ๐ง๐ญ๐จ ๐“๐ก๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ÿ“ˆ In the last month, $3.65 billion has flowed into the crypto market through #USDT While in two weeks, the supply of stablecoins increased by $1.08 billionโ€ผ๏ธ๐Ÿ”ฅ pic.twitter.com/xjwtF3aRsB โ€” Vishal Techzone (@VishalSahu21) September 8, 2024 Polygon MATIC Records Notable Growth In Stablecoin Activity Polygon ($MATIC) has also seen significant growth in its stablecoin activity. Over the last 90 days, the stablecoin market cap on the Polygon network has surged by 24%, adding $389 million. This boost in stablecoinโ€ฆ

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Filed under: News - @ September 11, 2024 10:28 am