In the second half of April, the volume of USDT on exchanges rose to $568 million, the highest for the year, according to The Block.
Analysts believe that the increase in the number of stablecoins on trading floors hints at the imminent return of the bullish trend.
Usually, such digital assets with real collateral are used to purchase bitcoin and other cryptocurrencies.
The volume of BTC on exchanges, on the other hand, increased in April. This is why the market saw a drop in the value of the largest virtual currency. Now the situation has stabilized.
The activity of traders is decreasing, and the arrival of stablecoins to exchange addresses indicates that investors are preparing to resume purchases.
Experts do not exclude that the result of the activation of bulls will be the breakthrough of bitcoin above $70,000 already this week.
On the night of Friday, April 26, BTC strengthened to $64,900. The cryptocurrency is gradually recovering the positions lost earlier this week.