On March 13, 2025, USDT transfers peaked with 143,000 wallets, setting a six-month record. This uptick coincided with Bitcoin’s price drop, prompting speculation about trader accumulation amid significant market losses.

Despite high USDT activity, caution prevails with over $1 billion in USDT outflows and Bitcoin ETFs experiencing notable sell-offs. Market sentiment remains fearful, suggesting that while trader interest is growing, a sustained rally for Bitcoin may still be uncertain.