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.

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