Tether is still creating new money - usdt - which are then pumped into market and the correlation is there more than clear - more USDT means more money to be used for buying/long bitcoin. There is almost 4 times more USDT tokens than were on June 2019, when price was hitting 14k. I feel like, there is so much USDT waiting to enter market, when bitcoin will continue it´s rallye above all time high.
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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.