During Bitcoin’s price dip to $90K, Tether inflows to exchanges surged to $2.7B, says analytics firm.

Tether Inflows Hit $2.7B Amid Bitcoin Drop to $90K, Driven by Margin Calls and Dip Buying

As Bitcoin (BTC) tumbled to nearly $91,000 last week, caused by escalating trade war fears, Tether (USDT) inflows to centralized exchanges spiked to an astonishing $2.72 billion, marking one of the highest recorded surges in recent times, according to analytics firm IntoTheBlock.

The sharp rise in Tether deposits is believed to stem from a mix of traders scrambling to add collateral to cover margin calls and prevent liquidation, alongside significant dip-buying activity focused on Bitcoin. The increased USDT inflows on Ethereum alone contributed to the third-largest netflow ever observed by the firm.

Following the dip, Bitcoin has settled within the $95,000 to $100,000 range, as per CoinDesk data. Tether, along with USDC, remains a popular stablecoin for market participants looking to navigate volatile conditions and execute crypto trades.

  • Related Posts

    A trader in the crypto market sees Hyperliquid and AI tokens at the forefront of the next altcoin rally.

    Hyperliquid’s recent breakout, alongside renewed momentum in AI-focused crypto assets, is pointing to a broader recovery in risk appetite across the altcoin market, according to analyst Michael van de Poppe.…

    Continue reading
    Bitcoin declines to $74,300 while spot ETFs see $2.26 billion in outflows over a two-week period.

    U.S.-listed spot Bitcoin exchange-traded funds have seen more than $2.26 billion in net outflows over the past two weeks, signaling sustained pressure across the digital asset market. Bitcoin (BTC) remains…

    Continue reading