Friday, 21 May 2021

Tether burned $300 million today, BEARISH

Tether very rarely burns coins, mostly they print ad infinitum, a la Fed chairman Powell. Other than an $800 million burn on April 17, I don't see a burn this size for over a year. Looks like another bearish indicator.

submitted by /u/wtfCraigwtf
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source https://www.reddit.com/r/btc/comments/nhco12/tether_burned_300_million_today_bearish/

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