How to use the circulation of Tether USDT as an indicator to predict the price of Bitcoin?

Tether’s USDT serves as a leading indicator of Bitcoin’s price. There are in general 2 rules: 1.USDT supply up, #btc price up; 2.BTC price lags behind USDT circulation 4-6 weeks.

2 examples In November 2018, the BTC/USD exchange rate fell 46%. The move appeared six weeks after USDT plunged 44% in its supply. In May 2019, the number of USDT tokens in circulation +30% Then BTC/USD surged from $5,700 to $11,350.

#crypto #cryptotrading #cryptocurrency #bitcoin #btc

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