In the past 24 hours, the trading volume of the stablecoin USDT has shown significant fluctuations, becoming a key indicator of market activity. According to data from major exchanges, the total trading volume of USDT trading pairs once exceeded 28 billion USD, demonstrating strong liquidity demand amid volatile market conditions.
This volatility directly reflects the short-term trading sentiment of market participants. When major cryptocurrencies like Bitcoin and Ethereum experience rapid price surges or sharp declines, USDT, as the primary trading medium and value transfer station, often sees its trading volume expand correspondingly. Especially during overlapping trading hours between Asia and Europe and the U.S., the battle between bulls and bears intensifies, and USDT's immediate trading volume has repeatedly shown pulse-like growth, with the highest single-hour peak approaching 2 billion USD, marking a clear trace of large funds entering and exiting quickly.
The sudden increase in USDT trading volume acts as a “thermometer” for market liquidity. It not only reflects the short-term demand of investors using stablecoins to hedge against risks but also reveals the direction of major funds reallocating and switching stocks. For ordinary investors, paying attention to the abnormal changes in this indicator can help capture early signs of shifts in market sentiment, providing important basis for judging short-term trends — of course, risk control is even more crucial during severe fluctuations.