$USDT, a top stub coin issued by Tether, has recently achieved notable results in influx sent to crypto exchanges. According to IntotheBlock, the $USDT inflow to the Crypto exchange marks its biggest figure this week since 2022. The blockchain analytics platform revealed the development on social media.
This week, $27.2 billion in USDT was sent to the exchange. This is the largest net inflow since 2022.
This surge appears to coincide with the recent market dip that has caused widespread liquidation, as traders moved the stubline into exchanges to add collateral and protect it, pic.twitter.com/kmp36ywx9n
– Intotheblock (@intotheblock) February 6, 2025
$USDT’s inflow to cryptocurrency exchanges rises to $27.2 billion
IntotheBlock considers the surge in the $USDT inflow into cryptocurrency exchanges a key move. It reportedly represents a potential change in sentiment across the market, reaching its largest inflow since 2022, $2.72 billion. The blockchain analytics company added that this marks a significant increase in cumulative stubcoin deposits through several exchanges. Specifically, 3rd The liquidity of the Stablecoin sector has risen to a significant height this month.
Market dips lead to increased stubcoin deposits
The blockchain analytics company has drawn similarities between this surge in the $USDTT inflow and recent market declines. In this regard, these rising $USDT exchange inflows appear to be related to market dips that have caused wide levels of liquidation. As a result of this rush, traders were pushed to transfer stubcoins to crypto exchanges in order to get more collateral for their leveraged positions. So they have potentially moved to $USDT and other stubcoins. With $USDT in large quantities on crypto exchanges, traders could focus on stabilizing positions or suspend buying opportunities for recession.
Shows signs of bullishness that are likely to ignite market recovery
According to IntotheBlock, the increasing influx of $USDT in crypto exchanges highlights signs of bullishness. Such spikes in the former are often comparable to important market movements. Therefore, continuation of this pattern can cause an exclusive wave of purchasing activity. In this regard, development could pave the way for significant crypto market rebounds.
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