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As the USDT activity reaches the highest level of six months, the trader can prepare for the purchase.

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As the USDT activity reaches the highest level of six months, the trader can prepare for the purchase.

According to the analysts, Tether’s onchain activity has reached a six -month high, and perhaps traders are preparing to return to the market.

The data shared by the blockchain data platform Santiment on the X POST on March 12 shows that the Tether ‘S (USDT) Onchain activity is the highest with more than 143,000 wallets in six months.

“When USDT and other stable activities are soaring while the price is falling, traders are preparing to buy. Purchasing pressure subsidies have been added to the recovery price of encryption, ”SANTIMENT said.

OnChain Activity of Tethers USDT has reached the highest level of six months. source: single

Bitcoin (BTC) fell to $ 76,700 for four months on March 11. The wider encryption market has been much more elected since the US in the midst of macroeconomic uncertainty and increasing tariffs.

Vincent Liu, the chief investment officer at Kronos Research, said in an interview with COINTELEGRAPH that merchants often accumulate tethers in dip and place their own purchasing pressure to help them recover.

He speculates that the rise in USDT wallet activities reflects merchants who use market volatility.

LIU said, “As possible, the reasons include an extensive economic uncertainty, a specific case of encryption, such as regulatory development or post -election emotional shifts, and the role of tethers as a stable refuge, which includes ideal holdings to investors who are ready to strategically place capital.

LIU’s surge in USDT activities is a strong indicator of strength, suggesting significant purchasing power of side jobs, but the recovery of the encryption market will depend on factors such as macroeconomic conditions, regulatory clarity, investor trust and March 18 Federal Open Market Commission (FOMC) meeting.

relevant: Bitcoin, Crypto ‘DIP BUY HYPE’ is now the highest in seven months.

PAV HUNDAL, the chief analyst of Swyftx, is on the rise with many major market indicators, such as M2, but does not expect the main bounce until the political economy loses volatility.

“This week’s inflation metrics in China and the United States are helpful, but as long as the trade war begins, we expect the market to be convicted.”

“Many investors have stopped responding to the news cycle and are parking cash in tethers. The market is basically holding pattern, and more and more cash landing in the market is waiting for landing slots. ”

He said, “The market is ugly now,” but it has returned to USDT dominant power in October, which was said before the first Christmas rally, which had reached $ 100,000 for the first time in history.

Crypto Fear & Greed Index, a major bitcoin and encryption emotion tracker, has been deeply deeply into “extreme fear” for two years on February 26, reaching 10 points, the lowest score for two years.

Cryptocurrencies, Social Media, Stablecoin, Data

This index shows the current feelings and emotions of the encryption market, with 100 points and the lowest 0. Source: Alternative.me

The cryptocurrency has improved since then, but on March 13, it still scored 45 points in Fear Territory.

Tether CEO Paolo Ardoino CEO US Travel

Meanwhile, Paolo Ardoino, CEO of Tether, travels to the United States as lawmakers move to regulate this sector.

In a March 12 speech in the Cantor Fitzgerald Global Technology Conference, he said he was using the USDT user about 37%of the guy as a savings account.

“There is no bank account. The only thing they have in life is cash, ”Ardoino said.

“Now they can finally have the most important and most important and most important stable currency in the world, or US dollars, but keep the smartphone with a savings account.”

Ardoino said, at the same time, tethers is one of the “last hubs for the US dollar,” as the US dollar can lose control of the world’s preliminary currency and lose control for international and commodity transactions.

According to Ardoino, the publisher is trying to curb bad actors in this space, cooperating with more than 170 legal execution operations and freezing $ 2.5 billion in illegal funds.

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