Forwarded from Canva
#Leaks from a Signal messaging group reveal Sam Bankman-Fried was trying to destabilize Tether #USDT and with it the broader crypto market last month in a last ditch attempt to save #FTX.
Alameda was trying to lower its liabilities, much of which are denominated in volatile tokens whose value would have shrunk in the event of a broad market collapse.
Alameda was trying to lower its liabilities, much of which are denominated in volatile tokens whose value would have shrunk in the event of a broad market collapse.
#USDT dominance hitting its long-term trend line on March 14th, 2024, which was the local top for #BTC.
We all have a way of convincing ourselves that this time is different, but USDT dominance has been putting in higher lows ever since.
This trend line needs to break before any real future rally can begin.
We all have a way of convincing ourselves that this time is different, but USDT dominance has been putting in higher lows ever since.
This trend line needs to break before any real future rally can begin.