Blockchain analytics provider Glassnode reported a “strong negative correlation” between Bitcoin and USDt activity over the last two years. “During euphoric phases, USDT typically flows out at –$100M ...
Correlation coefficients are indicators of the strength of the linear relationship between two different variables, x and y. A linear correlation coefficient that is greater than zero indicates a ...
According to blockchain analytics firm Glassnode, there is a strong negative correlation between Bitcoin price and USDT stablecoin flows. The two-year study compared the price of BTC with net inflows ...