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Tether’s $2 Billion Liquidity Bet – Is Bitcoin Ready to Rip Right Now?
The $2 billion mint by Tether looks defensive at first glance, but it could also signal a bullish rotation for Bitcoin.
In an unexpected turn of events, Tether has just minted a whopping $2 billion in USDT during heightened macro stress. This latest move is not without its significance, as the market’s reaction to recent FUD (Fear, Uncertainty and Doubt) has been surprisingly muted. In fact, dips have been quickly bought up, with the price structure remaining firm. This kind of resilience typically indicates strong hands hiding beneath the surface.
The current market situation has Tether minting $2 billion in USDT on the TRON blockchain, which is split into two separate tranches of $1 billion each. Interestingly, this latest move coincides with a $1 billion mint on Ethereum just ahead of the U.S Fed’s recent FOMC meeting. This timing hasn’t been arbitrary; Tether mints have consistently aligned with macro-driven market stress in the past.
What does this mean? It seems that Tether is preparing for an imminent demand surge, and it has already started to show signs. In the aftermath of Middle East tensions flaring up, USDT’s circulating supply has quietly shrunk by 150 million, which is a testament to capital rotating into stablecoin sidelines – a classic risk-off behavior.
In addition, USDT net inflows to exchanges reached a one-month high of $785 million on June 22. In the long run, this translates to greater market participation and could lead to the deployment of more substantial sums.
Source: ambcrypto.com
