Tether has been increased their circulating supply in the last months but if you check this website now they destroyed 24% last week.
whalesmind.com
Coinmarketcap does not reflect this change still. Does this mean that we are going to have a big crash soon in BTC?
tether supply increase and Bitcoin price increase are correlated to an insane degree.
yeah we dumping hard if this is true
Yeah we already dumped you fucking retard. We are more likely to go back up now than anything.
$16,000 in October is pretty much guaranteed anyway. Enjoy playing with your tea leaves though.
Right, does not seem relevant to anyone here
Wait WHAT? OP this is fucking massive if true. I’ve been on whale alert every day waiting to see if there have been any burns. Why aren’t these showing up?????
>guaranteed
OP the website suggests this is just whales moving around their coins not burning them. Maybe using them to buy bitcoin. What makes you think they’re burning?
If they print tether and buy btc with it they are distributing the tether to non whales
unironically going to zero if this is true
If tether do not print new money BTC will not have another pump this year.
They cannot print another $4b if you do not want to have FIAT liquidity problems in exchanges.
Anyway, you should not know what happened at the end of 2018 in Bitfinex. I was their customer and I was not able to withdraw FIAT for more 2 months
M8 question answer my posts. Why do you think this is burning and not redistribution
Bitcoin gold is the exit door by finex and tether
>$16,000 in October is pretty much guaranteed anyway.
imagine being so stupid as to actually take that meme prophecy seriously
holy shit, just imagine
I’ve been seeing this post everywhere. Why don’t they just exit into bitcoin itself?
If this is true tho it also means it’s much safer to short bitcoin since it’ll be unlikely for a massive exit spike to hit
> Relative change of Tether USD (USDT) tokens count holded by whales in last 7 days is -23.8349 %
> holded by whales.
fucking idiot, the only thing that happened is that tether changed hands, whales bought bitcoin and idiots got fucking worthless tether
If you trust tether why redistribute it?
They don’t. But it doesn’t necessarily mean they’re burning
Finex = USDT
Longs BTG = only finex
5092 BTC open long positions on BTG = 2 millions BTG
If you do not burn and only redistribute is even worse. They confirm that can maintain tether supply without backed FIAT
MC on Coinmarketcap 4033.8 M
Sum of these addresses 71.6 M (1.775%)
Sum percentage from the chart 4.94%
MC from the chart 1450 M.
????
Or, that USDT was sold to idiots who "tethered up"
this was always the purpose of USDT and shitcoins
This is more likely. Burns would have been reported