The US version of Tether's stablecoin has surged 500% in a month, sounds impressive, but it's still a drop in the bucket.
This isn't the main point; what's crucial is the signal behind it: US regulations are easing, and serious money is starting to position itself in the stablecoin race. USDT has faced compliance pressure in the US, and Tether's move is about securing a spot in advance, not about snatching market share.
Will this affect trading? Not in the short term. However, a thicker stablecoin infrastructure is good for on-chain liquidity, and in the medium term, it positively impacts the overall market's capital capacity.
Back to the charts. $BTC is currently at 73679, down 2.1% in 24 hours, with a high-low range from 75287 to 72582, a swing of 2700 bucks. Contract trading volume is 14.3 billion, spot trading is 1.6 billion, with a ratio of 8.7x—leverage sentiment is still strong, but the price hasn't reclaimed its ground, indicating that the bulls haven't fully bought back in.
Funding rate +0.0094%, leaning bullish but not high, with an open interest of 105k BTC showing no significant decline. Bulls haven't exited en masse, but no one is adding to their positions at this level either.
My take: around 72500 is short-term support; if it breaks below that in tonight's US session, the next liquidation cluster is around 71200. I've got a 3% long position at 73200, with a stop-loss at 71800 and a target of 75500, giving a risk-reward ratio close to 1:1.5—not perfect, but the structure holds up.
If I'm wrong, I’m out at -5%, no second-guessing.
$BTC #BTC #稳定币 #Tether
If you can't handle it, don't jump in; I've learned this the hard way too.
This isn't the main point; what's crucial is the signal behind it: US regulations are easing, and serious money is starting to position itself in the stablecoin race. USDT has faced compliance pressure in the US, and Tether's move is about securing a spot in advance, not about snatching market share.
Will this affect trading? Not in the short term. However, a thicker stablecoin infrastructure is good for on-chain liquidity, and in the medium term, it positively impacts the overall market's capital capacity.
Back to the charts. $BTC is currently at 73679, down 2.1% in 24 hours, with a high-low range from 75287 to 72582, a swing of 2700 bucks. Contract trading volume is 14.3 billion, spot trading is 1.6 billion, with a ratio of 8.7x—leverage sentiment is still strong, but the price hasn't reclaimed its ground, indicating that the bulls haven't fully bought back in.
Funding rate +0.0094%, leaning bullish but not high, with an open interest of 105k BTC showing no significant decline. Bulls haven't exited en masse, but no one is adding to their positions at this level either.
My take: around 72500 is short-term support; if it breaks below that in tonight's US session, the next liquidation cluster is around 71200. I've got a 3% long position at 73200, with a stop-loss at 71800 and a target of 75500, giving a risk-reward ratio close to 1:1.5—not perfect, but the structure holds up.
If I'm wrong, I’m out at -5%, no second-guessing.
$BTC #BTC #稳定币 #Tether
If you can't handle it, don't jump in; I've learned this the hard way too.