Those Tethers are going to go somewhere

in #bitcoin2 years ago

Tether market cap pumping while bitcoin pulling back

From one aspect this is to be expected right?

When bitcoin dips that money goes into tether.

Conversely when bitcoin starts going up it will pull that money from tether back into bitcoin.

image.png

(Source: https://x.com/rovercrc/status/1829912783174992047/photo/1)

The stage is set.

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"Love this analysis! 🚀 It's so true that Tether's market cap tends to move in tandem with Bitcoin's price movements. I'm curious, what are your thoughts on the implications of this correlation? Do you think it's a sign of increased activity and interest in both assets, or just a reflection of their close relationship?"

I also gave you a 100% upvote for the delegations you have made to us. Increase your delegations to get more valuable upvotes. Cheers! 🎉

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