You guys see that massive spike in inflows of Tether into exchanges?
Exchanges just saw their 3rd largest inflow of Tether of all time (and by all time, we mean a few years – this is Crypto we’re talking about).
The thought process here is that if people are transferring their Tether into exchanges, they’re getting ready to load up on these crypto-assets, driving prices higher.
The last time an inflow of this magnitude took place, Bitcoin nearly doubled in a matter of weeks.
Take a look for yourself:
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