On September 10, CryptoQuant analyst Yonsei_dent disclosed that since August, the USDT stablecoin holdings of exchanges have increased rapidly, but from March to July, USDT did not fluctuate much due to price fluctuations. When stablecoins flow into exchanges and increase holdings, they are generally understood as funds waiting to be purchased, which will have a positive impact on prices. However, increasing holdings does not necessarily mean price increases. Because it is "spare funds", if the market trend is unclear or the global economy is in trouble, it may not be bought due to risk aversion.