Analysis: The rise of Bitcoin in early April may be related to the short-term volume of OTC funds.

According to Longhash, the two-day continuous price increase on April 2 and April 3 was accompanied by a substantial increase in the trading volume of stable coins. The trading volume on April 2 increased from 218 Billion to 373 Billion, on April 3 The trading volume further increased to 586 Billion, and the transaction volume increased by 168% in two days. The first significant increase in bitcoin price after April occurred at noon on April 2nd. The price increase is most likely due to the field. Foreign funds will enter the market in the short term. From the perspective of market share, Tether has issued roughly 500 million USDTs after entering April, which may bring the cryptocurrency to continue to pick up.