According to BlockBeats, on September 10, analyst Yonsei_dent said that the USDT stablecoin holdings on trading platforms have increased rapidly since August 2024. Compared with the relatively stable USDT holdings from March to July this year, this change is worthy of attention.
The analysis pointed out that the inflow of stablecoins into trading platforms is usually interpreted as a signal of increased willingness to buy, which may have a positive impact on cryptocurrency prices. However, an increase in holdings does not necessarily lead to price increases. If the market trend is unclear or the global economic situation is difficult, no purchases may be made for risk aversion reasons.
