the continuously growing supply of Tether stablecoins may catalyze the next "Uptober" rebound (cryptocurrency slang, meaning October), as historically October is a bullish month for Bitcoin prices. From the flow of funds into Tether, a large portion has been sent to some of the largest centralized exchanges (CEX), indicating increasing buying pressure from investors. According to data from Arkham Intelligence, in the past 48 hours, the Tether treasury has sent over $66 million worth of stablecoins to Binance and over $20 million worth of USDT to Kraken exchange.
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Tether Treasury transferred more than 66 million USDT to Binance in the past 48 hours
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