Bridged USDT (USDT)

We've discussed this setup multiple times already, don't force trades within the marked zone. Chasing price in a volatile range is one of the fastest ways to lose money. Once again, I'm reminding you to protect your capital and stay patient.

The real opportunity will come after a confirmed breakout or breakdown. Until then, it's better to stay out of the market and wait for high-probability setups.

DYOR, NFA
#USDTD #TETHER

#USDT #DOMINANCE 📉 https://t.co/9S72KDJf8F

Tether earned $1.5 BILLION last quarter, but only has $4.11 billion sitting behind $183.64 billion of IOUs.

This is dangerous.

That's a 2.2% buffer.

The profit was real. The buffer shrank because of what Tether owns. Gold fell about 15% to just over $4,000 an ounce, and the bitcoin price used in the report dropped from $68,200 to $58,600.

As of 30 June, Tether held 146.2 tonnes of gold and 98,933 BTC against $183.64 billion of dollar promises.

So the only thing standing between USDT and a shortfall is a directional bet on two assets that just fell together.

Every USDT holder is long gold and bitcoin on 2.2% margin.

Just like with $MSTR, hold the ASSET, not a receipt for someone else's asset.