Active addresses for Ethereum-based USDT have reached a new 30-day moving average high of 300,000, signaling increased on-chain activity. This surge coincides with Bitcoin's failure to surpass the $92,000 resistance level and a decline in its price. The increased activity is linked to funds moving into DeFi protocols and self-custody wallets on Ethereum rather than centralized exchanges.
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Ethereum-Based USDT Active Addresses Reach Record 300K Amid Bitcoin Resistance
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