We are seeing massive movement out of tether in the last 12 hours. There are price differences from the exchanges that offer tether and ones that have a USD or Synthetic USD pair. We saw upto almost a 1000 dollar difference which is insane for bitcoin. Looks like there will be some arbitraging opportunities that hopefully will level things back out. We have seen tether get to around 84 cents as of today which is nuts on its own. I think the fear has only started and we will see more people get back into BTC but i would becareful and not assume we are bullish because of this. This is not regular or normal market movement at this time. I will post some of the exchange differences in my next idea!
Comment:
Bitcoin broke $7,200 on Bitfinex, Kraken, Binance, and OKEx, which are all platforms that support USDT, while Bitcoin only moved a tad above $6,700 on non-Tether-enabled platforms.
