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USDT Trading Volume Reaches a Monthly Low, but Net Inflow Remains Positive

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It is reported that according to Glassnode data, USDT has fallen to the lowest monthly trading volume level in the past 24 hours. The last trading volume at th…

USDT Trading Volume Reaches a Monthly Low, but Net Inflow Remains Positive

It is reported that according to Glassnode data, USDT has fallen to the lowest monthly trading volume level in the past 24 hours. The last trading volume at this level was in the middle of January. At about the same time, the cryptocurrency market began to experience a surge in volatility. Despite the decline in trading volume, USDT still participated in important trading activities. The latest online transaction flow shows that the net inflow of USDT is US $84.4 million. This means that its inflow is higher than its outflow in the past 24 hours.

Data: USDT fell to the lowest monthly trading volume level in the past 24 hours

Analysis based on this information:


According to Glassnode data, the trading volume of USDT, one of the most popular stablecoins in the cryptocurrency market, has dropped to its lowest level in a month. The last time USDT trading volume was at this level was in the middle of January. This decline in trading volume coincided with a surge in market volatility.

Despite the decrease in trading volume, USDT remains actively engaged in important trading activities. In fact, the latest data shows that there was a net inflow of US $84.4 million into USDT over the past 24 hours. This net inflow suggests that more USDT was added to the market than was taken out.

The rise in market volatility could be a contributing factor to the lower trading volume of USDT, as traders may be hesitant to enter and exit positions due to such fluctuations. However, the fact that USDT still experienced net inflows indicates that it remains a popular choice for market participants seeking stability amid uncertainty.

USDT is a stablecoin whose value is pegged to that of the US dollar. This means that for every USDT in circulation, there is a corresponding US dollar held in reserve by the issuer, Tether Limited. This mechanism allows traders to easily move in and out of cryptocurrency positions without having to worry about exchange rate volatility.

In summary, the trading volume of USDT has decreased to its lowest level in a month, potentially due to increased market volatility. However, the net inflow of USDT remains positive, indicating that market participants continue to see it as a reliable option for accessing the cryptocurrency market without exposure to exchange rate risk.

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