Santiment: USDT Active Addresses Surge on BNB Chain, May Coincide with Bitcoin Price Rebound
Svmuu According to a post by crypto market research firm Santiment on platform X, on-chain data indicates that over the past year, whenever the three largest spikes in USDT active addresses on BNB Chain occurred, the price of BTC subsequently rebounded. This is because USDT serves as the primary pricing currency on most trading platforms, and BNB Chain handles a significant portion of its daily transfer volume. When funds frequently move between wallets and trading platforms, the number of active addresses surges. More active addresses signify more capital poised to enter trading, particularly on Binance. When this liquidity shifts from stablecoins into Bitcoin, buying pressure increases, often leading to a price rebound.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Coinbase is down 14.04% from its previous close, now trading at $138.050.
-
2
Coinbase is down 12.49% from its previous close, now trading at $140.540.
-
3
Coinbase leads sell-off in crypto-related stocks after Binance's $6.3 billion hack, with Circle and Strategy shares plummeting.
-
4
NVIDIA is down 5.17% from its previous close, now trading at $202.620.
-
5
An Analysis of Potential Issues in the Operation of China's Digital Yuan
-
6
Gold prices fell to $3,883.36, hitting a near 365-day low.
-
7
Chainalysis: Binance Hackers Deployed Unprecedented Money Laundering Tactics, Rapidly Converting $6.3 Billion in Stolen Funds
-
8
Gold is down 3.45% from its previous close, now trading at $3,883.36.
-
9
SuperVerse (SUPER) Issuance and Circulation: Total Supply, Unlocking, and Deflationary Mechanisms Explained
-
10
What is ELTCOIN? Project Positioning and Market Status
Markets Today
Recommended Reading




