Cryptocurrency markets have seen a recent bullish reversal, with the world’s largest stablecoin, Tether, taking the spotlight. Bitcoin and Ether have experienced a mild correction, but the odds could still favor the upside. Data from crypto analytic firm Santiment reveals a significant surge in Tether’s presence on exchanges, suggesting that investors may be gearing up for fresh buying opportunities. The amount of USDT on exchanges has increased from 17.6% to 24.7%, and the USDT holdings of the ten largest addresses have surged from $7.30 billion to $9.42 billion in just three months. This could indicate that investors are preparing to execute buy orders at current or lower price levels, and Bitcoin recently breached the $28,400 mark for the first time since mid-August. Bitcoin wallets holding 10-10K BTC have also accumulated billions of dollars in the past month, which could potentially drive the prices even higher.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	8
People	None
Companies	Binance, Santiment, PrimeXBT, Tether
Currencies	Ethereum, Bitcoin, Tether
Securities	None