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Over 1,000,000,000 $USDT were transferred to the exchange in 2 days. When the market declines, it's understandable that stablecoins would be used to buy up BTC, $ETH, and altcoins. This money mainly comes from whales and large entities. Many people jokingly say that this money isn't for buying but is being transferred to cover margin calls.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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