Gate News reports that on March 12, the cryptocurrency market research firm Santiment posted on social media on March 13, stating that on-chain data shows that over the past year, whenever the number of active USDT addresses on a certain public chain experienced three major surges, the BTC price rebounded.
Santiment said that USDT is the main denomination currency on most trading platforms, and that public chain supports a large amount of daily transfer activity. When funds frequently move between wallets and trading platforms, the number of active addresses surges. More active addresses mean more funds waiting to be traded, especially on a certain CEX. When this liquidity shifts from stablecoins into Bitcoin, buying pressure increases, and the price often rebounds.
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