2.1 billion dollars is the amount of money that has been set up to attack the market, MM's playing style is changing 🧐
This amount of money comes from many large entities such as #Binance, #Cumberland, #Wintermute, #Bitfinex, #JustinSun, #Amber...
Because of the large amount of stablecoin demand from entities, in just the past 3 days Tether has minted an additional 2B $USDT
One thing worth noting is that as soon as $USDT was minted, entites immediately bought p2p stablecoins. There must be something new that makes them urgently prepare stablecoins like that.
In the past time, retailers have become very familiar with the fact that every time they set up a stablecoin, the market will rekt and then pump again. However, at present, only the Altcoin adjustment, $BTC , is still standing still.
In fact, up to now, the signal MM set up dumping $BTC, $ETH has not appeared yet, so it is very likely that MM has changed the price method when instead of adjusting the whole market, it only rekts Altcoin.
This means that $BTC, $ETH is difficult to continue adjusting when this amount of stablecoin is being used to buy $BTC, $ETH
Note: Remember that $USDT was set up to collect and push prices in the medium term, not as a bear signal