- Decent sized flows out from the Tether (USDT) treasury wallet are continuing to be observed.
- USDT has been flowing into some large cryptocurrency exchanges, the likes of Binance, Huobi, and OKEx.
Large flows of Tether (USDT) treasury continues to be observed into the leading cryptocurrency exchanges such as; Binance, Huobi, and OKEx. The Tether (USDT) treasury has decreased its holdings, reportedly from as much as 600 million USDT in the fall of 2018 to just 172 million tokens.cryptocurrency exchanges
On this occasion’s funds did not reach the exchange Bitfinex as usual, but as detailed into the other larger exchanges, with smaller tranches of a few million USDT. It is anticipated the with this move of new token it will lay the foundation for a pick up in the pace for another potential asset price rally.
Separately, the inflow of funds shows an increase in demand from Chinese traders. In terms of the USDT trading volume, at the time of writing, remains the highest of all digital assets, seen above $12 billion’s equivalent in the past 24 hours. Comparatively, Bitcoin (BTC) saw volumes around $11 billion in 24 hours.Bitcoin