Here’s why $400M USDT influx on OKX could signal crypto market shifts

Key Points

1. USDT reserves on OKX increased by $400 million in July, rising from $7.5 billion to nearly $7.9 billion, indicating fresh capital inflow.

2. BTC holdings on OKX declined by 3.34%, while ETH holdings saw a minor dip of 0.11%, suggesting a shift in user portfolio rebalancing.

3. The steady USDT peg and exchange-level supply squeeze for BTC (below 1 million) hint at strategic liquidity accumulation for potential market pullbacks.

4. OKX's Proof-of-Reserves attestation highlights its position as the fifth-largest CEX by daily volume, exceeding $3 billion, reinforcing its market influence.

5. ETH's Total Value Locked (TVL) surged by roughly $10 billion, indicating strong network activity despite flat exchange reserves.