The Tether (USDT) treasury keeps emptying out, with funds flowing into the leading exchanges - Binance, Huobi, and OKEx. The treasury decreased its holdings, from as much as 600 million USDT in the fall of 2018 to just 172 million coins.
This time, the funds did not reach Bitfinex as usual, but directly into the three largest markets, with smaller tranches of a few million USDT. The move of new coins is expected to set up the pace for another potential asset price rally. Additionally, the inflow of funds shows increased demand on the side of Chinese traders.
The USDT trading volume is currently the highest of all digital assets, above $12 billion’s equivalent in the past 24 hours thi...