USDT Inflows and Bitcoin Price: Correlation or Causation? CryptoQuant Analysis

USDT transaction inflows in 2024 show a correlation with Bitcoin price movements, according to a report from CryptoQuant. USDT’s transaction chart displays notable spikes in inflow in early January, late April, and late June, signaling significant exchange activity. Bitcoin also demonstrated a similar price movement during these periods, maintaining a strong upward trend until mid-April.... source: https://coinedition.com/usdt-inflows-and-bitcoin-price-correlation-or-causation-cryptoquant-analysis/