Bitcoin

CryptoQuant, a leading cryptocurrency analytics firm, has reported a significant increase in USDT stablecoin holdings on cryptocurrency exchanges since August.
This development marks a notable change, especially considering that USDT balances on exchanges remained relatively stable from March to July despite market fluctuations.
The firm claimed that the influx of stablecoins like USDT into exchanges and their holdings increasing is often seen as a sign of “funds on hold,” capital ready to enter the market. This influx of funds could potentially have a positive impact on prices, as it indicates investors are ready to buy. However, CryptoQuant cautioned that this does not necessarily guarantee a price increase.
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The analysis also highlighted that the direction of the market remains uncertain and external factors such as global economic conditions can influence investor behavior. If the market trend is uncertain or there are broader economic concerns, these funds may remain dormant due to risk aversion.
Additionally, CryptoQuant argued that there has been a shift in capital dynamics, observing a shift of funds from short-term holders (STH) to long-term holders (LTH). While STH sales continue to put short-term downward pressure on Bitcoin prices, this trend could lead to price stability and potentially position the market for a recovery, according to analysts.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/data-in-cryptocurrencies-which-seen-negative-since-march-reversed-what-does-it-mean-heres-analysts-answer/" rel="noopener noreferrer nofollow">Data in Cryptocurrencies, Which Seen Negative Since March, Reversed: What Does It Mean? Here’s Analysts’ Answer</a>

Data in Cryptocurrencies, Which Seen Negative Since March, Reversed: What Does It Mean? Here’s Analysts’ Answer

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