USDT Tether 82.45% of the reserves held in U.S. Treasury bonds !SIVB SVB Financial Group suffered the most severe bank run since Lehman Brothers for selling bonds at a $1.8Bil loss just to raise cash!
They had one of the worst possible yields as well: 1.79.
USDT Tether said on Dec 2nd, 2022, that its equity is expanding swiftly, with "82.45% of the reserves held in U.S. Treasury bonds and other cash equivalents."
What yield do you think Tether has?
I think we are about to witness USDT Tether`s collapse.
Tether
BTC mining in South America for Tether adds to the longAre you ready to take your mining game to the next level? Look no further than Tether's latest venture in Uruguay. With its stablecoin technology and top-notch infrastructure, Tether is poised to revolutionize the mining industry. Join us as we explore this exciting opportunity and discover how you can reap the rewards of this cutting-edge technology.
Also , Tether's recent $1B USDT mint on Ethereum is for chain swaps! This clarification comes straight from the Tether CTO, so you can rest easy knowing this is a positive development for the crypto community. For more information, check out the official statement from Tether. Happy trading!
Altcoins' Downturn & Bitcoin's Unmatched SupremacyLet's cut to the chase. As an advanced analyst, I see a cataclysmic drop in altcoins on the horizon (obviously). This isn't just a hunch; my trusted charts reveal a looming dive to super low levels. Even stable-coins like tether, which often a safe haven, are part of this story, affecting the Total2 index. Stable coins make up about 120 billion dollars (20% of Total2) as of June 13, 2023.
But don't worry! Bitcoin stands tall amidst this chaos. It's the clear leader, shining in technical prowess and visuals. Altcoins, in comparison, are garbage securities which just don't measure up.
As altcoins lose steam and get sued to zero, I see money moving back into Bitcoin, further solidifying its top spot. In short, brace for an altcoin shake-up, stay prepared, and always trust the charts. Especially mine. Not these SCAM ARTISTS who know ASBOLUTELY NOTHING about financial markets.
See my inverse - Bullish Bitcoin idea linked below...
CTKUSDT CTKUSDT is under strong sell pressure. After the recent sell pressure the instrument is slowly recovering but again about to face the declining trendline. Will this region again put the instrument to downside?
QNTUSDT → back to the up-trend. Resistance breakout QNTUSDT gives us signs that we should expect strengthening in the medium term.
After false breakdown of key support, the coin is strengthening by 20%.
On the background of falling bitcoin QNT looks very confident. The price returns to the bullish price channel, making a false breakdown of the trend support.
If the bulls finally take the market in their hands, then QNT can strengthen to 160.00.
The MA-50 is acting as support, and a false-break-down was made. Statistically, strong moves are formed after the FB more often than not.
The MA-200 is acting as resistance. Price may test the moving average in the near future.
Strong support: MA-50, 112.5, uptrend channel support
Strong resistance: 118.0, 129.9
I expect growth from the support area. Within the uptrend the price can show good growth.
Regards to R. Linda!
MATICUSDTIs MATICUSDT getting ready for some serious upside movement.
As MATIC printing successive HH and maintaining its inclining trendline seems like a buildup of bullish move.
BTCUSD → H&S breakdown. Triangle + Wedge. Waiting for growthThe BTC had previously formed the H&S reversal pattern, but it does not work and the bulls regain control of the 26700 level, forming a bearish wedge, which might provoke a bullish momentum.
The price makes a false break-down of the level of 26700, which is a strong support and forms a consolidation above the line. The market is in a consolidation phase after an active rally. The fundamentals component of the crypto direction has been getting better news lately than just neutrals.
It will take quite a while for Bitcoin to overcome the 28,000 area, which has long held the price back, the 30,000 level and the resistance of the uptrend channel. If the price moves out of the range, bitcoin will form a strong rally to 35000.
A related set-up is forming on the daily chart: a triangle and a wedge. The resistance of the figures is similar and the support area is very different. But the fact that we do not see a fall after the rally gives us hope for more growth.
MA-200 acts as a strong support and MA-50 as a resistance, which might be tested again soon.
Strong support: 26700, 25400 (global level).
Strong resistance: wedge resistance (triangle), 28200
I expect the continuation of consolidation in the range, but in connection with the prerequisites mentioned above, I assume that in the medium term bitcoin will continue its growth to 31000 and to 35000
Sincerely R. Linda!
CRVUSDT → The price is squeezed between the strong linesCRVUSDT forms the bottom in the area of 0.500-0.600. After that, a rally is formed, which turns into a strong consolidation in the area of trend resistance.
The cryptocurrency pair after another retest forms a resistance breakout, but at the same time, the price is still on the upper boundary of the local pattern.
In the near future, if the price successfully overcomes the area of 0.883, I expect an active strengthening of the price to the area of 1.112 with the subsequent movement to 1.891.
CRV shows great dynamics on the background of the fact that after the rally, there was not a strong pullback, but a consolidation is forming.
The price got a strong support at 0.818 and from the MA-200.
MA50 is a resistance and the price might try to test it soon.
Strong support at 0.818 and 0.770
Strong resistance: 0.883, 0.980, 1.300
I expect consolidation between 0.850 and 0.950 with further break through the resistance of the local wedge and growth to 1.890.
Regards R.Linda!
IRISUSDTIRISUSDT is in bullish momentum and currently trading at strong area of value which is also the 50% fib level. Will it continue its trajectory from this level?
LTCUSD → Breakthrough of two-year resistanceLTCUSDT forms a resistance breakout after a small false breakout. The coin does not fall much after FB, forms a retest and breaks the line.
Bulls are trying to take control of the situation and so far everything is working out successfully.
A strong support line of 91.23 is being formed. If the bulls can hold this area, then Litecoin will show us an excellent growth towards the resistance of the ascending channel.
The fundamental component for LTC is quite good, the network is constantly being updated and activity has been increasing in this network lately.
A global triangle is forming on the chart, the price tends to test the resistance of the set-up. A slight pullback is possible, but in the medium term I expect a breakthrough of the upper limit.
Moving averages act as support.
Strong support: 91.23, previously broken resistance line and 83.66
Strong resistance: 95.00, 102.53
I expect the growth to continue after the resistance is broken. LTC in the market feels a certain confidence that can allow the price to get stronger.
Sincerely, R. Linda!