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Learning & News => News related to Crypto => Topic started by: sirty143 on May 08, 2020, 04:38:11 PM

Title: Tether Held on Exchanges Could Help Forecast Bitcoin Bull Runs
Post by: sirty143 on May 08, 2020, 04:38:11 PM

Tether Held on Exchanges Could Help Forecast Bitcoin Bull Runs

(https://i.imgur.com/8KQUnQBl.jpg)

A crypto data firm rep explained how analysis of Tether’s on-chain data can be used to forecast Bitcoin’s bull... See more for yourself here (https://cointelegraph.com/news/tether-held-on-exchanges-could-help-forecast-bitcoin-bull-runs).

Your opinion is greatly appreciated.

Title: Re: Tether Held on Exchanges Could Help Forecast Bitcoin Bull Runs
Post by: bigcash2011 on May 08, 2020, 11:50:59 PM

Obviously it can, as people who want to buy bitcoin are entering the market with usdt to simplify things and so that they can cost average their bitcoin and crypto investments, so when the usdt supply suddenly rises it probably means new money is entering crypto market.

Title: Re: Tether Held on Exchanges Could Help Forecast Bitcoin Bull Runs
Post by: abdmuiz on May 09, 2020, 10:19:18 AM

many experts do market-related analysis that will occur after halving, but I myself don't believe it 100% .. this kind of color has happened in the past