Binance controls over 60% of all USDT transfers to TRON. This indicates important trends in the crypto market. Analysis shows that large USDT volumes on TRON are more correlated with BTC prices than TRX. This shows that USDT is often converted to BTC.
BTC is popular because of its stability, market leadership, and arbitrage and liquidity options on Binance. Investors choose BTC during times of uncertainty or before significant market movements.
Daily USDT volumes on TRON often exceed $2 billion, highlighting the importance of stablecoins. They anchor value, facilitate large transfers with low fees, and reflect market sentiment.
Large inflows of USDT on the exchange may indicate intentions to buy cryptocurrencies, while significant outflows may indicate selling or holding. Observing these patterns gives traders and investors a strategic advantage.