$BTC
— Maybe We’re Close to a Local Bottom
There’s something interesting I’m watching right now.
USDT Flexible Earn APR has jumped from around 1.7% to over 3%. I saw something very similar about four years ago, when ETH was around $800 and BTC was near $20,000.
I won’t give you a history lesson. You already know what happened next.
When exchanges want to keep more USDT on the platform, one obvious way is to offer holders a higher yield.
Rising APR alone guarantees nothing. But combined with the current market situation, it makes me wonder whether crypto is sitting near a local bottom.
I’ll definitely keep watching this indicator.
— Maybe We’re Close to a Local Bottom
There’s something interesting I’m watching right now.
USDT Flexible Earn APR has jumped from around 1.7% to over 3%. I saw something very similar about four years ago, when ETH was around $800 and BTC was near $20,000.
I won’t give you a history lesson. You already know what happened next.
When exchanges want to keep more USDT on the platform, one obvious way is to offer holders a higher yield.
Rising APR alone guarantees nothing. But combined with the current market situation, it makes me wonder whether crypto is sitting near a local bottom.
I’ll definitely keep watching this indicator.
