There are definitely two sides to this coin. On the one hand, people seem to have learned from the recent disasters on the exchanges and are learning self-custody. The supply of BTC and ETH (as well as others) is falling to all-time lows. On the other hand, the not-so-beloved USDT seems to be on a field trip this year.
source: santiment @ Twitter / X
USDT got a lot of FUD and bad news last year and it seemed like it was losing ground to other stables, but now it’s on the rise again. Even more – it’s flowing back to the exchanges. This usually means that people are waiting on the sidelines and planning to buy crypto.
So do you think this is bullish? I certainly do.
submitted by /u/telejoshi
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