Why the Biggest Tether Holders Are Aggressively Accumulating Tokens Right Now – Santiment

2023-10-11 22:03

Based on the analysis from Santiment, it appears that some of Tether’s largest holders have started accumulating more USDT tokens recently. This could signal that these large holders anticipate needing more Tether liquidity in the near future, likely to purchase crypto assets.

A few key points:

Addresses holding between $1M-$10M worth of USDT are accumulating more tokens. These are considered Tether’s largest holders. There has been an increase in Tether deposits to exchanges. This suggests holders are positioning USDT on exchanges in order to trade it. Active addresses for Tether are at a 3-month high, indicating increased on-chain activity.

When large Tether holders begin accumulating tokens, it often precedes increased demand to purchase cryptocurrencies. These major holders may have insider information or believe prices of crypto assets will rise soon. By stockpiling Tether, they ensure they have ample liquidity to buy the dip when prices drop or take advantage of anticipated gains.

Source: Santiment – Start using it today

This increased USDT accumulation comes at a time when many altcoins have seen declining prices and have lost key support levels. For example, Ethereum is now trading around the $1560 mark, with almost a 6% decrease over the last 7 days. With altcoin prices slumping, Tether whales may be anticipating an opportunity to buy cryptos at discounted prices.

The uptake in USDT could signal these major holders are getting ready to buy the dip across cryptocurrencies like Ethereum that have experienced recent sell-offs. By having USDT liquidity on hand, they can swiftly purchase tokens if prices drop further.

In summary, the recent accumulation of USDT by major holders may signal that there is growing confidence in higher crypto prices in the near future. These holders are likely getting ready to buy the next dip or rally. Of course, this remains speculative until actual trading activity confirms it. But it’s a notable on-chain signal to monitor.

We recommend eToro 74% of retail CFD accounts lose money. Visit eTor Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.

The post Why the Biggest Tether Holders Are Aggressively Accumulating Tokens Right Now – Santiment appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Tether (USDT) на Currencies.ru

$ 1.0003 (+0.01%)
Объем 24H $120.854b
Изменеия 24h: -0.03 %, 7d: 0.07 %
Cегодня L: $1.0002 - H: $1.0012
Капитализация $121.417b Rank 3
Цена в час новости $ 1.0002 (0.01%)

tether holders santiment tokens accumulating large anticipate

Источник: captainaltcoin.com

tether holders → Результатов: 41


Фото:

Tether (USDT) Sharks & Whales Rapidly Accumulate, Why This Is Bullish For Bitcoin

On-chain data shows that Tether (USDT) sharks and whales have been rapidly growing their holdings since Bitcoin’s volatility started. Tether Sharks & Whales Grow Holdings As USDT Exchange Supply Plunges According to data from the on-chain analytics firm Santiment, these large Tether holders are now carrying a total of $16 billion worth of the stablecoin.

2023-6-9 15:30


Фото:

Tezro Introduces USTC to TezroST Swap Feature, Enabling Seamless Token Exchange for USTC Holders

Leading cryptocurrency platform, Tezro, has rolled out a new feature that enables USTC token holders to effortlessly exchange their tokens for Tezro’s official shopping token, TezroST. TezroST is a digital token backed by Tether (USDT) and can be used to purchase various goods and services through compatible online stores via the Tezro Swift API. The […]

2023-4-5 09:55


TA- The Price Of Axie Infinity Struggles Despite Crypto Relief Rally

The price of Axie Infinity (AXS) has struggled recently with a few bullish signs against Tether (USDT) despite market sentiments around the project. As a result of the “Merge” sentiments, this has led to many altcoins showing relief rallies and newer altcoins making all-time highs; the price of Axie Infinity has struggled to rally despite many expectations on AXS holders.

2022-8-14 23:41


Фото:

There Is a New Insurance Product Just in Case Tether (USDT) Goes Bust

Opium is introducing credit default swaps (CDS) against the world’s largest stablecoin, USDT, casting doubt on Tether Limited’s solvency according to a CoinDesk report on Sep 3.   Opium CDS against USDT as a Hedge The product will rely on Ethereum smart contracts, insuring holders just in case USDT’s issuing company folds and fails to fulfill its obligationsRead MoreRead More.

2020-9-5 13:00


Фото:

Tether and Bitfinex Ask New York Attorney General for Fund Accessibility

Attorneys for Tether and Bitfinex are hoping to get the former access to its reserves amid a legal dispute with New York Office of the Attorney General (NYOAG). In a letter sent to the New York County Supreme Court, attorneys representing iFinex (the parent organization of Bitfinex) and Tether took issue with the restrictions that had been placed on Tether's transactions with related parties as part of an ongoing case against them, stating that the NYOAG had no basis for disallowing tether (USDT) holders and other affiliated entities from redeeming their tokens.

2019-5-16 18:51


Фото:

Binance, Poloniex, Huobi All Own More Tether Than Bitfinex

Cryptocurrency exchange Bitfinex now controls a “very small amount” of stablecoin Tether (USDT), new data shows following a shake-up of ownership. Bitfinex Sixth-Largest USDT Holder Produced by Element Group and uploaded to Twitter by CNBC commentator Ran Neuner October 18, statistics depicting the biggest USDT holders reveal Bitfinex, which shares a CEO with Tether’s issuer, now only ranks sixth on the list.

2018-10-19 21:00


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Why Is Lido DAO Pumping? Expert Outlines LDO Price Path to $3

The price of Lido DAO has surged today, experiencing an increase of over 20% in the last 24 hours, coinciding with a broader upswing in several Ethereum tokens. This movement is likely driven by a renewed positive sentiment surrounding Ethereum, which has positively impacted tokens within its ecosystem.