Golden Pig’s take: I don’t blame any particular piece of bad news for tonight’s drop. The real issue is that money is flowing out. I’m still leaning bullish, but I’ll only use a small position and wait for the total stablecoin supply to stop falling before adding more.
Over the past 30 days, the total stablecoin supply across the market fell from about $303.4 billion to about $287 billion—a drop of roughly $16.4 billion.
USDT alone was down by about $8.6 billion.
Stablecoins are the market’s “ammunition.” When there’s less ammunition, rallies are unlikely to go far. That’s also one of the reasons $BTC fell more than 4% again tonight, to around $65,000.
My approach:
No leverage, and no going all in.
If you want to buy, use a small position and buy in batches, while keeping plenty of cash on hand.
Wait for the total stablecoin supply to rise for a full week before considering a larger position.
When the market’s running low on ammunition, how do you manage your cash and positions?
#稳定币 #行情分析 #USDT #比特币 $BTC $ETH
Data sources: DefiLlama total stablecoin supply (10/15 vs. 11/14), Binance spot BTCUSDT. DYOR; this is not investment advice.
Over the past 30 days, the total stablecoin supply across the market fell from about $303.4 billion to about $287 billion—a drop of roughly $16.4 billion.
USDT alone was down by about $8.6 billion.
Stablecoins are the market’s “ammunition.” When there’s less ammunition, rallies are unlikely to go far. That’s also one of the reasons $BTC fell more than 4% again tonight, to around $65,000.
My approach:
No leverage, and no going all in.
If you want to buy, use a small position and buy in batches, while keeping plenty of cash on hand.
Wait for the total stablecoin supply to rise for a full week before considering a larger position.
When the market’s running low on ammunition, how do you manage your cash and positions?
#稳定币 #行情分析 #USDT #比特币 $BTC $ETH
Data sources: DefiLlama total stablecoin supply (10/15 vs. 11/14), Binance spot BTCUSDT. DYOR; this is not investment advice.
