The stablecoin USDT has seen an increase in flow onto crypto exchanges in the past six months, which is seen as a potentially bullish sign. This comes as Bitcoin has been moving back onto exchanges due to trader uncertainty. However, the influx of USDT has countered the sell-off of BTC, with nearly 7% more of the stablecoin now on exchanges compared to six months ago. This increase in buying power is seen as a positive indicator for the market.

Additionally, Santiment notes that more crypto traders have been predicting market tops and sharing bearish projections following the recent drop in digital asset prices. However, the firm emphasizes that markets often move in unexpected directions, contrary to popular sentiment.

Altcoins, particularly Ethereum challenger Solana (SOL), have been recovering quickly from the weekend’s price drops. SOL has shown positive social sentiment, but Santiment suggests that this enthusiasm may need to cool down before the asset can make a significant upward move.

At the time of writing, SOL is trading at $67.34, experiencing an almost 11% increase in the past seven days. This makes it the sixth-ranked crypto asset by market cap.