During times of Tether FUD, it's good to look at the people fudding and how they are aligned with the competition, USDC.
Tether is owned by Bitcoiners and their incentives are aligned with BTC.
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99.99% of these will go to zero
Besides your bags of course, those will be the ones that will survive
You picked the ones with good fundamentals after all didn't you
@SpitfireTraders I just think it could be better to test it now rather than later.. it needs to be tested and it will be. If we go to 45k first, then a 37.5k retest might not really hold.
@SpitfireTraders Or maybe just a lot of long liqs and SLs being hit ? I can see it bouncing from here with a no chill pump now that a lot of people are left without any longs
@kerneltrader Who is 'we' ? most people panicsold during the dump to 29k, a few people sold the top and why the f would the rest sell if they bought in this range.
@SpitfireTraders I still think there is quite some shorts to be liqued to the upside for now.. maybe 44-45k. A weekly retest basically due to people shorting too much
@cryptodan19 Might be, just dont't tell people not to sell something that has a possibility to tank another 20%. you don't know if it's going to hold here or not.
@markybcool@SalsaTekila Those reasons were also true just a few days ago at 65k, you know that right ? those are just things you tell yourself to not feel bad when you get liqued.