$BTC is trading $3000 lower on Binance US & $ETH is trading $200 lower. I don’t think this is an arbitrage opportunity. It’s too obvious and it smells like something is seriously wrong. Again, this is Binance US. Just US version. Don’t freak out yet.
Bull case: up against April highs with side dish of news-related leverage flush
Bear case: market piling into alts before BTC/ETH break out (unwind if majors reject)
Reasonable options: breakout trade majors or fade alts if majors roll lower
Apologies for boring trading post
@fozzydiablo ive pulled all the wayback entries for the tusd data. there is interesting info buried here.
they assign balances to chains. presumably thats where the usd came in for mints?
some observations...
5/ Visiting the burn address though, we can see that billions of USDT have left the burn wallet and returned to the Tether Treasury over the past 160 days.
In total this wallet has sent out 21.50B USDT to the Treasury while only receiving 2B USDT (from the Treasury).
@FollowMyEyesDAO I'm looking to get better at on chain work - have been into it for about a week now. Do you have any advice for beginners, twitter accounts (outside of yourself) or TG groups you would recommend?