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.
You may also like
New York Federal Reserve official: U.S. Treasury purchases have no preset path, will closely monitor financing market pressures in October
Lorie K. Logan, head of the New York Fed's Markets Group, stated that the Federal Reserve will continue to assess the reserve levels within the banking system. The purchase of U.S. Treasuries for reserve management does not follow a predetermined path and may be adjusted in the future based on market conditions.
Structure Therapeutics CMO Blas Coll Crespo disposes of USD 124,008 common shares
DigitalOcean CEO Srinivasan Padmanabhan disposes of $1.6 million in common shares
Labcorp Reaffirms Long-Term Earnings Outlook
Crypto prices
More
