In accordance with Cryptonewsland, USDT experienced a net outflow of over $220M during the recent BTC peak at $126K as traders locked in profits. The outflow occurred amid high market activity, with daily movements often ranging between $100M and $200M. Now, the flow has shifted back into positive territory as market pressure eases and BTC consolidates within a fragile range between $81K and $89K. Glassnode data shows a strong negative correlation between USDT net flow and BTC’s mid-term performance, with the latest readings indicating a return of liquidity and reduced profit-taking.
USDT Sees $220M Outflow at BTC $126K Peak, Flow Now Turns Positive
CryptonewslandShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.