VIP MARKET UPDATE It appears that there is a considerable amo | CRYPTO SIGNALS FREE
VIP MARKET UPDATE
It appears that there is a considerable amount of sideline money in the market that cannot remain in stable coins for an extended period. This is evidenced by the accelerating market cap of Tether, a stable coin.
The underlying logic is straightforward: imagine ten people in a room holding a significant amount of cash. Two people decide to go short, while the remaining eight use a portion of their cash to buy spot. This results in a short squeeze.
The reason why I believe there is too much sideline money in the market is that when Bitcoin was valued at $16,000, Tether was ranked third in market capitalization. Even when Bitcoin reached $25,000, Tether remained in the third position. The ultimate FOMO (fear of missing out) signal is when Tether ranks above the tenth spot in market capitalization.
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