Data: Before the market rebounded, USDT, which accounted for 3.54% of the total supply, and USDC, which accounted for 0.72% of the total supply, were transferred to the exchange.

Santiment data shows that from August 19 to October 16, USDT, which accounted for 3.54% of the total supply, and USDC, which accounted for 0.72% of the total supply, were transferred to exchanges. The transfers occurred before a broad rally in cryptocurrency prices from late October to mid-November. After a cooling-off period, USDT and USDC are being transferred back to wallets from exchanges.