Citing BitcoinWorld, recent data reveals a strong inverse correlation between Bitcoin's price and USDT flows to exchanges. When USDT moves out of exchanges, BTC prices tend to rise, a pattern that has become more pronounced since December 2023. The analysis, based on Glassnode data, shows that USDT outflows often indicate buying pressure for Bitcoin, while inflows may signal profit-taking or market stabilization. The correlation has been consistent over the past two years, with outflows exceeding $220 million during major price peaks. Traders are advised to monitor USDT flows as part of a broader analytical toolkit, though the relationship is not a perfect predictor and should be used alongside other indicators.
BTC Price Correlation with USDT Flows Shows Inverse Relationship
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