BTC and ETH Exchange Supply Drops While USDT’s Rises: Report

Coin Edition
Coin Edition

16 Sep 2023 7:08 AM

Santiment revealed that the exchange supply for BTC and ETH has continued to drop while USDT’s has risen. Read more on CE....

  • Santiment revealed that the exchange supply for BTC and ETH has continued to drop, indicating that traders are holding onto these cryptocurrencies for the medium to long term.
  • The supply of Tether (USDT) on exchanges has been increasing, suggesting that investors and traders are preparing to purchase more cryptocurrency.
  • 24.1% of USDT's supply is currently on exchange platforms, the highest since March of this year.
  • ETH outperformed BTC in terms of price performance over the past 24 hours, with a 0.35% increase in price compared to BTC's 0.27% loss.

The sentiment of the article is generally positive, highlighting the decrease in exchange supply for BTC and ETH and the potential increase in market prices due to the increase in USDT supply.

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You May Ask

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