🔵 Important Market Alpha:- $USDT Supply Signal Matches 2022 Bottom
The $USDT 60-day Market Cap #change has just plunged by over -$3B. This is a significant level because we haven't seen a contraction this deep since the #Bitcoin bottom in late 2022. Why this matters: 1. Liquidity Flush: Tether supply usually contracts during massive reset periods. 2. Historical Precedent: The last time we hit this -$3B threshold, it marked the end of the bear market and the start of a massive recovery. 3. Contrarian Signal: While the chart shows price weakness, this level of supply drain often signals that the selling exhaustion is peaking. We are currently hovering around the $62-66k mark. If history repeats, the #smart money is preparing for the next leg up. 💎🙌 #crypto $BTC
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🔵 Important Market Alpha:- $USDT Supply Signal Matches 2022 Bottom
The $USDT 60-day Market Cap #change has just plunged by over -$3B. This is a significant level because we haven't seen a contraction this deep since the #Bitcoin bottom in late 2022. Why this matters:
1. Liquidity Flush: Tether supply usually contracts during massive reset periods. 2. Historical Precedent: The last time we hit this -$3B threshold, it marked the end of the bear market and the start of a massive recovery. 3. Contrarian Signal: While the chart shows price weakness, this level of supply drain often signals that the selling exhaustion is peaking. We are currently hovering around the $62-66k mark. If history repeats, the #smart money is preparing for the next leg up. 💎🙌
#crypto
$BTC