USDT Balance on Cryptocurrency Exchanges Grows 146% to Record Highs
On October 12, Leon Waidmann, head of research at Onchain HQ, posted on the X platform that data shows USDT balances on major cryptocurrency exchanges grew 146% to $22.7 billion, a record high.
Waidmann noted that historically, this usually signals strong buying power coming to Bitcoin and the crypto market as a whole.
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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