Crypto Market Sees $3.65 Billion Liquidity Injection, But Where’s the Buying Pressure?

Quick Summary:

The crypto market is witnessing an interesting trend as liquidity continues to grow, although the impact on the market remains muted.

According to a report by CryptoQuant analyst Cauê Oliveira, over $3.65 billion has flowed into the market through the stablecoin USDT over the last 30 days.

The current situation in the crypto market raises the question: why is this capital not being deployed immediately?

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: Hungary

Topics: Bitcoin Tether Crypto Cryptocurrency Crypto News USDT Crypto Market Bitcoin market Stablecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 13:00:11 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22375203

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About Bitcoinist

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Official Website: bitcoinist.com

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