Tether Gold-assets are around $3.4 Billion. XAUT AUM is around $500mm. Tether is now a precious metals powerhouse.
Don't underestimate the Tether team. High integrity and hard working team that supports Bitcoin, commodity technologies and financial inclusion.
@macrodesiac_ Trick to getting this is to imagine the same problem but with 100 doors. Open 98 doors, do you switch? Almost certain you didn't pick the correct door
@gutsareon Unless you're watching the tape though, you still kind of miss the broader context with all these OI changes.. eg OI might go up 300k, of the back of a 1M buy hitting the tape, so even though only 30% is new interest, you know someone is long 1M from that price.. builds a picture