Blockchain analysis firm Santiment maintained its optimistic outlook for the cryptocurrency after Bitcoin fell more than 5% from its peak of $44,000 this week.
In its latest post, Santiment reported that investors tend to move their assets to crypto exchanges following the recent volatility in Bitcoin. In addition, the Santiment report highlighted the amount of USDT on cryptocurrency exchanges, noting that the stablecoin has increased by close to 7% compared to 6 months ago. This was interpreted as a positive development as it reflects the potential for investors to buy cryptocurrencies based on the fact that they are waiting in USDT on crypto exchanges.
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