BTC And Tether Correlation
XBTUSDBTCUSDTake a look at the correlation of tether and BTC
We see that as tether dropped BTC rise
I bet you heard already everybody talk about it
I see a perfect mirror correlation
Also I look at the shorts of btc and what happened to it when price pumped
and we can see that it was a nice short squeeze so this make sme believe that even if we do get a pump now it will be a relative small pump because shorts already squeezed some so now it is harder to pump PA for a strong continue momentum .
Please take a look at the tether website. Idfont post here links you can find easily on goolge.
IMO it is too aggressively telling us that 1USD worth 1USDT and website updated for maximum proof of funds info.
for me something reliable doesn't need this much marketing to convince clients. I do not buy their announcements of audits I think it is all just word soup.
I look at chart and I see that 1usd is not always 1usdT simple simple simple.
The audit they talk about is not proper legit audit.
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