Santiment Says Bitcoin and Altcoin Prices May Rise: They Are Getting Ready to Buy! - Coin Bulletin

The movement on the largest stablecoin indicates that investors are preparing to buy, which could be a precursor to a possible uptrend in prices.

Cryptocurrency analysis platform Santiment noted that the movement on the Tether (USDT) network has reached its highest level in the past six months and that this could indicate a significant price recovery in the cryptocurrency market. Highlighting that on March 11, 143,480 USDT wallets were transferred, Santiment stated that this level was last seen in September 2024. According to experts, sudden increases in stabilcoin movements indicate that investors view price declines as a buying opportunity.

This volatility in the market, especially Bitcoin (BTC) and altcoin prices, is signaling a potential uptrend. Santiment notes that the increase in network activity of USDT and other stablecoins when prices are falling indicates that investors are preparing to enter the market. Following a similar increase in September 2024, the cryptocurrency market entered a bull trend** and a similar scenario may now repeat.

Santiment emphasizes that the significant movement of stablecoins is generally an important indicator that the market will move upwards. It is thought that especially large investors use stablecoins as a preparation tool before entering the market.

When past data is examined, sudden increases in USDT transaction volume generally result in a recovery in Bitcoin and altcoin prices. Current indicators suggest that a new upward wave may begin in the crypto market, along with increased buying pressure from investors.