Data: 2.72 Billion USDT Flows Into Trading Platforms Yesterday, Largest Net Inflow Since June 2022
IntoTheBlock posted that 2.72 billion USDT flowed into trading platforms yesterday, the largest net inflow since June 2022.The surge in USDT inflows seems to coincide with the massive liquidation due to the recent market decline, which may have prompted traders to move the stablecoin to trading platforms to increase collateral and protect leveraged positions.
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
Data: If ETH falls below $2,882, the total long liquidation volume on major CEXs will reach $962 millions.
Musk: Grok is open-source software, anyone can use it for free
150 BTC transferred from an anonymous address to an exchange
Trending news
MoreCrypto prices
More
