Outlook: Potential Bitcoin Surge Beyond $40,000 as USDT Whales Increase Buying Power
WikiBit 2023-11-27 17:13Outlook: Potential Bitcoin Surge Beyond $40,000 as USDT Whales Increase Buying Power
Santiment data shows that the price of Bitcoin has reached $38,300 for the first time since May 5, 2022. Among many contributors, the top 100 largest Tether (USDT) addresses have accumulated $1.67 billion in USDT over the past six months, representing a purchasing power growth of 9.7%. If the purchasing power of these large USDT holders continues to increase, there is a possibility that the price of Bitcoin could soon surpass $40,000.
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