Bitcoin’s Price Moves Linked to USDT Outflows: New Research

Recent analysis by Glassnode reveals a strong inverse correlation between Bitcoin prices and the movement of USDt (Tether), highlighting how investor behavior is driving market activity in both stablecoins and cryptocurrencies. During periods of rising Bitcoin, investors tend to withdraw USDt from exchanges, signaling profit-taking and shifting assets away from trading platforms. This pattern emerged over the past two years as a consistent correlation between Bitcoin’s price action and USDT exchange inflows/outflows was observed.