USDT Is Still a Great Indicator

Hey everyone,

Heidi here.

Keeping an eye on USDT is something I often do when Bitcoin starts making moves (for better or worse) I’m really not worried about it de-pegging, instead when I see USDT hit 0.99 and BTC or alts are pumping, it signals that those who squirrelled away profits into the stablecoin are now eager to deploy them at a fast rate into the volatility.
In the reverse, when BTC or alts are dipping but USDT is hitting 1.01, it means that people aren’t giving up on crypto, they’re quickly finding refuge in the stablecoin and want to quickly re-enter the crypto market in the future.

https://dailyhodl.com/2023/09/16/tether-usdt-movement-signals-future-buy-interest-as-bitcoin-and-ethereum-supply-on-exchanges-dips-santiment/

Tether (USDT) Movement Signals ‘Future Buy Interest’ As Bitcoin and Ethereum Supply on Exchanges Dips: Santiment