Recent data reveals a significant relationship between Bitcoin’s price and the movement of Tether (USDT) within the cryptocurrency market. This correlation can provide crucial insights for investors seeking to understand market trends. Glassnode, a leading blockchain analytics platform, discovered a clear inverse correlation between Bitcoin prices and USDT exchanges flows. When USDT moves out of exchanges, Bitcoin typically experiences an upward price shift, suggesting that Tether’s flow may significantly influence market dynamics. 2023 has seen this connection strengthen even further, with the past two years showing consistent patterns in relation to market conditions. During periods of profit-taking, daily USDT net outflows range from $100 million to $200 million. During significant price peaks, these outflows can exceed $220 million, highlighting a strong link between Bitcoin prices and Tether flows.