#BinanceAlphaAlert How USDT emissions and burns move with Bitcoin price cycles.

An analysis of USDT issuance and burn patterns suggests that this stablecoin remains a key indicator of pressure on Bitcoin's price.

- Over the last decade, Tether's USDT issuance

has consistently reflected Bitcoin's price cycles, with issuances often concentrated around bullish rallies and burns following corrections.

Whale Alert data shows the relationship between USDT issuance and Bitcoin price movements by charting the net issuance and burn of Tether alongside Bitcoin price from 2015 to early 2025.

Although many in the industry have long speculated about the correlation between USDT supply and BTC performance, this dataset provides a clearer timeline to assess that relationship.

Tether's USDT, the world's largest stablecoin with a market capitalization exceeding $144 billion, has become a key liquidity vehicle in the cryptocurrency market and is often seen as an indicator of broader capital inflows.

Whale Alert data reinforces how closely USDT issuance patterns follow Bitcoin price cycles, although the direction of causality remains a subject of debate.

According to cryptocurrency analyst and researcher Mads Eberhardt, a higher supply of stablecoins, including Tether, has historically correlated with positive performance in the cryptocurrency market. This relationship is also evident when observing the Tether issuance and burn chart over time.

However, it is important to note that we have not observed this correlation in recent months,” Eberhardt said. “I expect that as stablecoins see increased adoption in non-native cryptocurrency use cases, this correlation will gradually weaken over time.