Tether (USDT) Hints At Massive Moves For Crypto

The corrections in the crypto market seem to be taking a break these days and the prices are looks pretty bullish. It’s been revealed that there are all kinds of bullish and optimistic predictions for the crypto space.

Check out the latest reports below.

According to the latest reports, the leading crypto analytics firm says that surging Tether (USDT) activity could mean big price movement on the horizon for the overall crypto markets.

In a new tweet, Santiment notes that last Thursday and Saturday were the two largest days of 2022 in terms of USDT active addresses that are interacting on the network.

The analytics firm, notes that whether the stablecoin activity surge will be bullish or bearish for crypto remains to be seen.

“Historically, gradually rising active addresses are bullish. A massive cluster of spikes all at once can be a bit more of a volatility marker.”

Santiment also noted the fact that the average Bitcoin (BTC) exchange funding rates over the weekend has been showing that traders were placing long positions on the leading crypto asset by market cap.

This is linked to BTC’s price drop on Sunday. Here’s what the crypto analytics firm explained:

“Funding rates have been valuable in identifying when traders are leverage longing, which has generally led to abrupt price corrections.”

At the moment of writing this article, BTC is trading in the red and the king coin is priced at $42,193.

The optimistic and bullish crypto predictions keep pouring into the crypto space despite the massive volatility and the latest price corrections that we have been seeing lately.

According to the latest reports, there is a popular crypto trader who says he sees sustained rallies for Bitcoin (BTC), Ethereum (ETH), and Cosmos (ATOM). Stay tuned for more juicy news.