Traders could be prepping to buy as USDT activity hits 6-month high

Onchain activity for Tether has hit a sixth-month high, possibly indicating traders are gearing up to jump back into the market, according to analysts.  

Data shared by the blockchain data platform Santiment in a March 12 X post shows Tether’s (USDT) onchain activity has been on the rise, peaking with over 143,000 wallets making transfers on March 11, the highest in six months.

“When USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering,” Santiment said.

Onchain activity for Tethers USDT has spiked, reaching a sixth-month high. Source: Santiment

It comes as Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, as the wider crypto market <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-below-80k-macroeconomic-uncertainty"

Read More at https://cointelegraph.com/news/tether-on-chain-activity-hits-six-month-high-traders-could-be-preparing-buy-santiment?utm_source=rss_feed&utm_medium=rss%3Ft%3D1741874461381&utm_campaign=rss_partner_inbound

Traders could be prepping to buy as USDT activity hits 6-month high

Onchain activity for Tether has hit a sixth-month high, possibly indicating traders are gearing up to jump back into the market, according to analysts.  

Data shared by the blockchain data platform Santiment in a March 12 X post shows Tether’s (USDT) onchain activity has been on the rise, peaking with over 143,000 wallets making transfers on March 11, the highest in six months.

“When USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering,” Santiment said.

Onchain activity for Tethers USDT has spiked, reaching a sixth-month high. Source: Santiment

It comes as Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, as the wider crypto market <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-below-80k-macroeconomic-uncertainty"

Read More at https://cointelegraph.com/news/tether-on-chain-activity-hits-six-month-high-traders-could-be-preparing-buy-santiment?utm_source=rss_feed&utm_medium=rss%3Ft%3D1741863605111&utm_campaign=rss_partner_inbound

Traders could be prepping to buy as USDT activity hits 6-month high

Onchain activity for Tether has hit a sixth-month high, possibly indicating traders are gearing up to jump back into the market, according to analysts.  

Data shared by the blockchain data platform Santiment in a March 12 X post shows Tether’s (USDT) onchain activity has been on the rise, peaking with over 143,000 wallets making transfers on March 11, the highest in six months.

“When USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering,” Santiment said.

Onchain activity for Tethers USDT has spiked, reaching a sixth-month high. Source: Santiment

It comes as Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, as the wider crypto market <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-below-80k-macroeconomic-uncertainty"

Read More at https://cointelegraph.com/news/tether-on-chain-activity-hits-six-month-high-traders-could-be-preparing-buy-santiment?utm_source=rss_feed&utm_medium=rss%3Ft%3D1741860001154&utm_campaign=rss_partner_inbound

Traders could be prepping to buy as USDT activity hits 6-month high

Onchain activity for Tether has hit a sixth-month high, possibly indicating traders are gearing up to jump back into the market, according to analysts.  

Data shared by the blockchain data platform Santiment in a March 12 X post shows Tether’s (USDT) onchain activity has been on the rise, peaking with over 143,000 wallets making transfers on March 11, the highest in six months.

“When USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering,” Santiment said.

Onchain activity for Tethers USDT has spiked, reaching a sixth-month high. Source: Santiment

It comes as Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, as the wider crypto market <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-below-80k-macroeconomic-uncertainty"

Read More at https://cointelegraph.com/news/tether-on-chain-activity-hits-six-month-high-traders-could-be-preparing-buy-santiment?utm_source=rss_feed&utm_medium=rss%3Ft%3D1741852845566&utm_campaign=rss_partner_inbound

Traders could be prepping to buy as USDT activity hits 6-month high

Onchain activity for Tether has hit a sixth-month high, possibly indicating traders are gearing up to jump back into the market, according to analysts.  

Data shared by the blockchain data platform Santiment in a March 12 X post shows Tether’s (USDT) onchain activity has been on the rise, peaking with over 143,000 wallets making transfers on March 11, the highest in six months.

“When USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering,” Santiment said.

Onchain activity for Tethers USDT has spiked, reaching a sixth-month high. Source: Santiment

It comes as Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, as the wider crypto market <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-below-80k-macroeconomic-uncertainty"

Read More at https://cointelegraph.com/news/tether-on-chain-activity-hits-six-month-high-traders-could-be-preparing-buy-santiment?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Traders could be prepping to buy as USDT activity hits 6-month high

Onchain activity for Tether has hit a sixth-month high, possibly indicating traders are gearing up to jump back into the market, according to analysts.  

Data shared by the blockchain data platform Santiment in a March 12 X post shows Tether’s (USDT) onchain activity has been on the rise, peaking with over 143,000 wallets making transfers on March 11, the highest in six months.

“When USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering,” Santiment said.

Onchain activity for Tethers USDT has spiked, reaching a sixth-month high. Source: Santiment

It comes as Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, as the wider crypto market <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-below-80k-macroeconomic-uncertainty"

Read More at https://cointelegraph.com/news/tether-on-chain-activity-hits-six-month-high-traders-could-be-preparing-buy-santiment?utm_source=rss_feed&utm_medium=rss%3Ft%3D1741838313486&utm_campaign=rss_partner_inbound

Crypto trading volume slumps, signaling market exhaustion: Analysis

Crypto trading volumes and dwindling digital asset prices are flashing signs of trader exhaustion and potentially weaker market momentum, according to analysts. 

Crypto-wide trading volume has been dropping since it peaked in February amid dip-buying opportunities. According to CoinGecko data, daily trading volume hit its highest level this year in early February when it reached $440 billion. It has since sunk by 63% to $163 billion on March 12. 

Market data firm CoinMarketCap has slightly lower figures but they show the same trend — that volume peaked in 2025 in early March before falling back 52% to current levels.  

Analytics firm Santiment said on X on March 13 that this decline in volume suggests that trader enthusiasm for the asset class is diminishing.

“When trading volume for major cryptocurrencies

Read More at https://cointelegraph.com/news/crypto-trading-volume-decline-reflects-diminishing-trader-enthusiasm-analysts?utm_source=rss_feed&utm_medium=rss%3Ft%3D1741874461381&utm_campaign=rss_partner_inbound

Crypto trading volume slumps, signaling market exhaustion: Analysis

Crypto trading volumes and dwindling digital asset prices are flashing signs of trader exhaustion and potentially weaker market momentum, according to analysts. 

Crypto-wide trading volume has been dropping since it peaked in February amid dip-buying opportunities. According to CoinGecko data, daily trading volume hit its highest level this year in early February when it reached $440 billion. It has since sunk by 63% to $163 billion on March 12. 

Market data firm CoinMarketCap has slightly lower figures but they show the same trend — that volume peaked in 2025 in early March before falling back 52% to current levels.  

Analytics firm Santiment said on X on March 13 that this decline in volume suggests that trader enthusiasm for the asset class is diminishing.

“When trading volume for major cryptocurrencies

Read More at https://cointelegraph.com/news/crypto-trading-volume-decline-reflects-diminishing-trader-enthusiasm-analysts?utm_source=rss_feed&utm_medium=rss%3Ft%3D1741863605111&utm_campaign=rss_partner_inbound

Crypto trading volume slumps, signaling market exhaustion: Analysis

Crypto trading volumes and dwindling digital asset prices are flashing signs of trader exhaustion and potentially weaker market momentum, according to analysts. 

Crypto-wide trading volume has been dropping since it peaked in February amid dip-buying opportunities. According to CoinGecko data, daily trading volume hit its highest level this year in early February when it reached $440 billion. It has since sunk by 63% to $163 billion on March 12. 

Market data firm CoinMarketCap has slightly lower figures but they show the same trend — that volume peaked in 2025 in early March before falling back 52% to current levels.  

Analytics firm Santiment said on X on March 13 that this decline in volume suggests that trader enthusiasm for the asset class is diminishing.

“When trading volume for major cryptocurrencies

Read More at https://cointelegraph.com/news/crypto-trading-volume-decline-reflects-diminishing-trader-enthusiasm-analysts?utm_source=rss_feed&utm_medium=rss%3Ft%3D1741860001154&utm_campaign=rss_partner_inbound

Crypto trading volume slumps, signaling market exhaustion: Analysis

Crypto trading volumes and dwindling digital asset prices are flashing signs of trader exhaustion and potentially weaker market momentum, according to analysts. 

Crypto-wide trading volume has been dropping since it peaked in February amid dip-buying opportunities. According to CoinGecko data, daily trading volume hit its highest level this year in early February when it reached $440 billion. It has since sunk by 63% to $163 billion on March 12. 

Market data firm CoinMarketCap has slightly lower figures but they show the same trend — that volume peaked in 2025 in early March before falling back 52% to current levels.  

Analytics firm Santiment said on X on March 13 that this decline in volume suggests that trader enthusiasm for the asset class is diminishing.

“When trading volume for major cryptocurrencies

Read More at https://cointelegraph.com/news/crypto-trading-volume-decline-reflects-diminishing-trader-enthusiasm-analysts?utm_source=rss_feed&utm_medium=rss%3Ft%3D1741852845566&utm_campaign=rss_partner_inbound