Since mid-April, continuous selling pressure on the USDT/USD pair has kept Tether trading consistently below the $1.00 peg. This indicates that someone has been systematically cashing out.
This de-pegging phenomenon was observed simultaneously across all major fiat exchanges, including Kraken, Coinbase, and Bitstamp. Consequently, today's Bitcoin drop was already signaled well in advance.
This de-pegging phenomenon was observed simultaneously across all major fiat exchanges, including Kraken, Coinbase, and Bitstamp. Consequently, today's Bitcoin drop was already signaled well in advance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.