According to Odaily, Santiment recently shared insights on X, highlighting a significant trend in the cryptocurrency market. Over the past eight weeks, an average of approximately $40 million in USDT has been flowing into exchanges daily from traceable wallets. This substantial inflow of stablecoins is anticipated to play a crucial role in driving the current bull market rebound and contributing to the historic surges in various cryptocurrencies.
As the year 2024 progresses, the continuous influx of stablecoins is expected to persist, particularly in the final stages. This ongoing trend underscores the importance of stablecoins in the broader cryptocurrency ecosystem, as they provide liquidity and stability, facilitating trading activities and potentially influencing market dynamics. The consistent movement of USDT into exchanges suggests a sustained interest and confidence in the market, which could further bolster the bullish momentum observed in recent months.