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Binance USDT Reserves Rise as U.S.-Linked Bitcoin Buying Lags

Binance USDT Reserves Rise as U.S.-Linked Bitcoin Buying Lags

Photo: TokenPost

Bitcoin (BTC) wallets holding 1,000 to 10,000 coins have swung back to net accumulation, but weak U.S.-linked demand readings leave Binance’s larger Tether (USDT) reserve balance short of evidence that BTC buying has strengthened. The group’s rolling 60-day net position moved from a 62,600 BTC decline to a 5,230 BTC increase. A positive reading means the cohort added to its holdings on balance during that window. The change points to a reversal among these large holders, but does not establish that accumulation has spread to other groups.

Source: TokenPost

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