- The whales probably sent 1.79B USDT on Binance according to Ash Crypto’s tweet
- However, there is no official confirmation of this from Binance or other sources yet
- This is in any case a huge reason that could lead to speculation
- If it’s true, the crypto market will see a huge influx of liquidity
Right now, X is widely circulating the news that whales sent 1.79B USDT on Binance.
This is a huge infodump that can’t help but affect the crypto market, and if true will prove to be a huge influx of liquidity, and a significant price increase.
Details on the Possible $1.79B USDT Inflow and Its Implications
So far, the only source of information on this remains an X post from Ash Crypto, and we have yet to have confirmation from on-chain analysts or other publications.
However, it is important to highlight that we are talking about a very significant amount, the very information about which could impact the crypto market.
What are the possible implications of this? This news in itself could already make asset prices rise, as it could indicate large purchases to come.
If this turns out to be true, then real liquidity of this size should boost asset prices and maybe even start a bull rally for many of them.
Of course, the question remains as to which ones, and this will only be known by actual purchases. However, with a high probability, this amount is enough to make purchases of many coins.
Bitcoin is likely to be among them, as well as Ethereum given its recent rise in the field of long stagnation. If this happens, it could possibly start a breakout of Bitcoin, Ethereum, and with it altcoins as we discussed in the last Sunday Analytics.
Conclusion
However, all of this remains just probabilities for now, and if no real liquidity arrives, then accordingly it will not be a catalyst.
That said, we can probably see a short-term uptrend in key asset prices without it if the occasion continues to gain traction.
Be aware and stay tuned for confirmed information.
