Institutional investors withdrew hundreds of millions of dollars from the Tether (USDT) treasury and sent it to cryptocurrency exchanges.
Cryptocurrency market crashed in November last year. FTX While healing the wounds of bankruptcy in institutional investors continues to enter the market.
Reported by on-chain analysis platform Lookonchain to data Cryptocurrency wallet belonging to a corporate company, Tether from his treasure 412 million USDT took. Whale purchasing transactions 20 October It has been realized gradually since then.
Corporate whale breaks all 412 million USDT into pieces Binance, Coinbase, OKX And to Kraken transferred. Lookonchain transfers these transfers to corporates for the cryptocurrency market. increasing interest defined as.
Market experts believe that institutional investors have stablecoins with Bitcoin (BTC) And altcoin He stated that he would make the investment. Cryptocurrency market value, which has been increasing continuously for the last 4 weeks, has recently $1.3 trillion He also managed to break the level. This was interpreted as both individual and institutional investors adding more dollars to the market.
Especially these days, when the possibility of the USA approving the spot Bitcoin exchange-traded fund is being discussed, the interest of corporates has gradually increased.