Bitcoin / TetherUSShort
BTCUSDT price trends down as USDT+USDC marketcap shrinks further
There is a relation between BTC price levels and USDT + USDC combined marketcaps, i.e. the total quantity of the two largest stablecoins.
Since the latter have been shrinking recently we expect a fall in BTCUSDT price to around 19k during the first week of August.
Thank you!
Since the latter have been shrinking recently we expect a fall in BTCUSDT price to around 19k during the first week of August.
Thank you!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.