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Santiment: USDT Active Addresses Surge on BNB Chain, May Coincide with Bitcoin Price Rebound
Svmuu According to a post by crypto market research firm Santiment on platform X, on-chain data indicates that over the past year, whenever the three largest spikes in USDT active addresses on BNB Chain occurred, the price of BTC subsequently rebounded. This is because USDT serves as the primary pricing currency on most trading platforms, and BNB Chain handles a significant portion of its daily transfer volume. When funds frequently move between wallets and trading platforms, the number of active addresses surges. More active addresses signify more capital poised to enter trading, particularly on Binance. When this liquidity shifts from stablecoins into Bitcoin, buying pressure increases, often leading to a price rebound.
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