BlockBeats News, March 13th, Cryptocurrency market research firm Santiment posted on social media that “On-chain data shows that in the past year, whenever the active addresses of USDT on BNB Chain saw three significant spikes, BTC’s price experienced a rebound.”
Since USDT is the primary quote currency on most trading platforms and BNB Chain hosts a large amount of its daily transfer activity. When funds flow frequently between wallets and exchanges, the number of active addresses surges.
More active addresses indicate more “funds ready to be traded,” especially on Binance. When this liquidity transfers from stablecoins to Bitcoin, buying pressure increases, often leading to a price rebound.”
