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How About That Tether Spike?

By Louis Sykes

July 1, 2021
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You guys see that massive spike in inflows of Tether into exchanges?

Exchanges just saw their 3rd largest inflow of Tether of all time (and by all time, we mean a few years - this is Crypto we're talking about).

The thought process here is that if people are transferring their Tether into exchanges, they're getting ready to load up on these crypto-assets, driving prices higher.

The last time an inflow of this magnitude took place, Bitcoin nearly doubled in a matter of weeks.

Take a look for yourself:

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Louis Sykes

Louis Sykes is the Senior Crypto Analyst at All Star Charts, where he leads research at the frontier of digital assets. Over his tenure, he has authored more than 1,000 research reports, helping both institutional and retail investors navigate one of the fastest-moving markets in the world.

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