According to the latest data, the volume of the USDT stablecoin stored on cryptocurrency exchanges has reached its highest value in the past year. As per information from Acryptoinvest.news, the 7-day moving average change in the amount of USDT on exchanges amounted to 568 million dollars, which is the highest level for the specified period. This reflects a consistent growth in exchange reserves of this stablecoin, starting from February of the current year.

The increase in the USDT balance on exchanges can be attributed to several factors. One possible reason is the increase in the number of traders preferring to hold their funds in USDT amidst the market instability of recent weeks. This may indicate caution among traders who may be awaiting clarity before resuming active trading.

Additionally, the growth in the USDT balance could be related to an increase in selling, as traders may be liquidating assets in response to market fluctuations. It is worth noting that USDT is the largest stablecoin by market capitalization, making it a popular choice for preserving value in times of uncertainty.

Recent events have shown that after a significant price drop of Bitcoin below $60,000, it has risen again to $65,000. This price recovery may have prompted some traders to move their assets into USDT in anticipation of further market volatility.

Let's also take note of changes in the balances of other cryptocurrencies. For example, the amount of BTC stored on exchanges is also increasing, albeit slowly, after reaching a minimum at the beginning of the month. As for Ethereum, balance changes are decreasing after a peak at the end of March but remain generally positive, possibly due to a slowdown in the growth of the cryptocurrency.

The surge in USDT balances on exchanges reflects the final stage of a strong upward impulse for many crypto assets, which is important for analyzing future movements in the cryptocurrency market.