Tether is super volatile all the sudden! AGAIN!
This isn't a retail pump if you look at exchange inflow.
This definitely isn't a spot pump, if you look at volumes. It's all derivative.
This type of pump has never been seen before in the HISTORY of Bitcoin.
Soooooo...what is it?
Institutions are stealing your...
The 700 million tether issued indicate the top. Why Tether has to be issued ? Because the whales who dominate the market are about to exit and redeem cash.
When I am writing this article, the Tether news just came out. Will the market has a massive pump after the news as it did in last October ? I don’t think so.
Notification: This is just an educated guess...
USDT has been The stable coin in which everybody has put their trust and confidence to maintain part of their crypto assets is a stable coin. Well, USDT has fallen by around 3%. From 1 USD for every USDT to 0.97 USD for every USDT.
As we can see in the chart, such an important variation hasn´t taken place since October 2018, date in which USDT/USD had a variation...
Description: tether owns 3x% of bitfinex and will have $50m+ surplus when repayed. so easy a caveman could do it
Timeframe: doesnt matter
Indicators used: fuddamentals, bootlickers,
Shout out to: NYDFS, NYAG, Jamie Dimon,
With popular crypto following bitcoin it was nice to see tether being the loudest in the room. On the daily seeing falling wedge reversals on bitcoin and its mirrors tether is also showing a confirming sign.