As Bitcoin price surged above $10K, USDT exchange inflows reached an 8-month high.
Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode. Exchange inflows for the stablecoin reached a 2020 high yesterday as Bitcoin (BTC) soared to $10,270, although BTC has since continued on its rally, currently sitting at $11,000.
Read More:
https://cointelegraph.com/news/tether-exchange-inflow-reached-8-month-high-as-bitcoin-rallied-to-11k