📈 The 7-day average change in USDT balances surged to $568 million, hitting a year-high. Balances have steadily climbed since February, indicating more USDT stored on exchanges.
💼 Growth in USDT balances could signify users favoring exchange storage or a trend towards selling the stablecoin.
📉 Amid recent market volatility, traders likely hold onto USDT, awaiting market cues for their next move.
💰 BTC market recovered last week, bouncing back to $65,000 from below $60,000.
📊 Slight increase in BTC balances on exchanges suggests heightened selling activities, with a daily increase of 6,000+ BTC on average.
💎 For ETH, despite a recent balance drop, the overall trend remains positive, with over 40,000 ETH added daily.
🔍 This indicates sustained interest in holding ETH on exchanges despite a slowdown.
📰 Insights reveal a broader trend: rising USDT balances contrasted with slowing BTC and ETH momentum.
💡 Understanding these dynamics is crucial for informed decisions in the volatile crypto market.
