isimsoyisim retweeted
Well, well, well… It’s been a while since we’ve seen a 1 billion $USDT mint. Just a reminder… back in 2022 we saw multiple 1B mints drop periodically over a few weeks. Shortly after that sequence, the bottom was in, and Bitcoin ripped from $16K to $25K in just a couple of candles.
What happens to $BTC when @tether print $1B USDT? As you can see, the prints are occurring around decisive moments, swing highs/lows and just before volatility. We’ve had two 1B prints recently, but that doesn’t necessarily mean an explosive move is coming. In fact, it could suggest the opposite. With these mints, it’s important to pay close attention to the narrative and market structure. During downtrends, they can indicate continuation lower, local tops or bottoms depending on market structure, or short-lived upward retracements before price resumes its decline. Hopefully you learned something new...
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