TechFlow news, March 13 — According to Cointelegraph, Vincent Liu, Chief Investment Officer at Kronos Research, said that traders typically accumulate USDT during market downturns in search of buying opportunities, and the increased buying pressure could help restore cryptocurrency prices. He speculated that the rise in USDT wallet activity may reflect traders taking advantage of recent market volatility.
Liu pointed out that the surge in USDT activity is a bullish signal, indicating substantial buying power on the sidelines. However, recovery in the crypto market may depend on factors such as macroeconomic conditions, regulatory clarity, and investor confidence. He added, "With February inflation falling to 2.8%, below recent CPI expectations, this could alleviate pricing pressure on cryptocurrencies, signaling a more favorable environment. Additionally, the upcoming Federal Open Market Committee (FOMC) meeting on March 18 could further clarify the direction of interest rates and monetary policy."
