Santiment: The number of USDT daily transfer addresses has reached a 6-month high, and traders may be preparing to buy

According to BlockBeats, on March 13th, cryptocurrency analysis firm Santiment posted on social media that Tether's on chain activity has been rapidly increasing, with over 143000 wallets making transfers just yesterday (setting a new six-month high). When USDT and other stablecoin activities surge during price declines, it usually indicates that traders are preparing to buy. The increased purchasing pressure contributes to the recovery of cryptocurrency prices.