BitcoinUpdated How tether supply dictates bitcoin price
It is logical that tether print = bitcoin pump. But, i will show you an interesting chart that it is not always like that.
Tether all exchanges net flow
imgur.com/5YsyTU0
And it is dictated mostly by binance and huobi.
5 out of 6. Once you see a big inflow of tether into exchanges - we see massive dumps.
2 out of 2. Big outflow = pump.
But why? I do not know, comment bellow. But it looks like it mostly works.
Tether balances on all exchanges
imgur.com/31YWZqq
Tether new adresses
imgur.com/pf4Ro9R
Active adresses
imgur.com/undefined
Total adresses are just exponentially growing.
skew.com/dashboard/stable-coins ---- tether coinmarketcap.
IMO - increasing tether supply overall is good for bitcoin price. Increasing tether supply on exchanges is mega bad. Institutions are trying to short.
- decreasing tether supply is bad for btc price. Decreasing supply on exchanges is good.
coinmarketcap.com/currencies/tether/
Tether all exchanges net flow
imgur.com/5YsyTU0
And it is dictated mostly by binance and huobi.
5 out of 6. Once you see a big inflow of tether into exchanges - we see massive dumps.
2 out of 2. Big outflow = pump.
But why? I do not know, comment bellow. But it looks like it mostly works.
Tether balances on all exchanges
imgur.com/31YWZqq
Tether new adresses
imgur.com/pf4Ro9R
Active adresses
imgur.com/undefined
Total adresses are just exponentially growing.
skew.com/dashboard/stable-coins ---- tether coinmarketcap.
IMO - increasing tether supply overall is good for bitcoin price. Increasing tether supply on exchanges is mega bad. Institutions are trying to short.
- decreasing tether supply is bad for btc price. Decreasing supply on exchanges is good.
coinmarketcap.com/currencies/tether/
Note
also, increasing tether supply may tell that whales want to buy at lower prices. Once they withdraw tether from exchanges, it may mean that they bought out everything and withdraw it back, but this should be followed by decrease of active adresses
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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.