Bitcoin exchanges just saw massive Tether stablecoin deposits

By Cointelegraph5 days ago

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Bitcoin exchanges just saw massive Tether stablecoin deposits

Nearly half a billion in Tether (USDT) inflows were recorded on April 8 across major Bitcoin (BTC) exchanges, based on Glassnode data.

Considering that the inflows, the biggest since mid-March, coincided with a minor Bitcoin pullback, it indicates that buyers could be waiting to step in following BTC's price drop.

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