The recovery of the cryptocurrency market is a long-awaited event that will finally drag the digital asset industry back to the green zone and make it profitable once again. Santiment has shared a sign of an upcoming recovery.
USDT returning to market
According to on-chain insights, providers, whales and sharks are adding back some of the USDT they redistributed on the market. As the supply returns to whales’ addresses, we are seeing a slight recovery of the first cryptocurrency.
Historically, Bitcoin and USDT have been showing a strong correlation to each other. With the growth of the USDT supply on whale addresses, Bitcoin has been entering an uptrend, which is why the current increase of the supply on addresses is considered a bullish sign by Santiment.
