Analysts: The surge in USDT activity indicates that there is a large amount of buying power outside the market, and CPI data may reduce price pressure
According to online reports, Vincent Liu, chief investment officer of Kronos Research, said that traders usually accumulate USDT during market downturns to find buying opportunities, and increased buying pressure can help cryptocurrency prices recover. He speculated that the increase in USDT wallet activity may reflect traders taking advantage of recent market fluctuations. Liu pointed out that the surge in USDT activity is a bullish signal, indicating a large amount of buying power off the market, but the recovery of the crypto market may depend on factors such as macroeconomic conditions, regulatory clarity and investor confidence. He added: "As inflation fell to 2.8% in February, lower than recent CPI data expectations, this may reduce pressure on cryptocurrency prices and signal a more favorable environment. In addition, the upcoming Federal Open Market Committee (FOMC) meeting on March 18 may further clarify the direction of interest rates and monetary policy."
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