Tether USDLong
BTCUSD: USDT correlation
Every time, when Tether was well below 1$ level BTC suffered (see red ovals). And as soon as USDT was coming back above 1$ mark, bitcoin grew.
Now we have that orange area, when USDT is cheap, but it seems to be closing to 1$ level again. In any case, worth keep an eye on that.
Not a financial advice.
Now we have that orange area, when USDT is cheap, but it seems to be closing to 1$ level again. In any case, worth keep an eye on that.
Not a financial advice.
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