1. With the current context where BTC is moving sideways in the range of 93k-95k while the price has separated from the stock market in the context of the mainstream USD weakening.

The increasing demand for USDT shows that money is flowing into the market because USDT is a liquidity bridge, however, this is only healthy when the USDT price increases sustainably and has 'Sufficient Supply', but the USDT price in Vietnam is too high 26,500-27,000 VND is the first sign of chasing altcoins at the peak or FOMO signs of missing opportunities.

And according to on-chain data, there are signs of profit-taking from many short-term hold wallets (3 months).

2. Tether recently minted an additional 3 billion USDT

- 12/4 on the Tron network 1 billion

- 23/4 on the Tron network. 1 billion

- 28/4 on the ETH network. 1 billion

In the past, after each time USDT was minted around 1 billion, there would be a short-term price correction.

BTC has risen sharply and many altcoins have doubled to quadrupled since the beginning of April without any correction, which makes investors complacent, and if BTC corrects about 10% now.

95k-> 85k 10% is too little with each correction in the uptrend of BTC, USDT will definitely increase in price due to high demand for bottom-fishing, I expect it to be 27,500-28,600 VND / 1 USDT

The signals can be said to be positive in the short term from the market.

Whether it's good or not depends on your position.

3. What are the big wallets doing.

They are transferring part from BTC/ETH/altcoin to USDT, that is how smart wallets earn profits.

If you have 10k, you won't get much, but big wallets with $10m, each correction adds 10% is not small, meaning they trade USDT as well.

The reason for the BTC/altcoin pairs

And USDT/altcoin

If you buy USDT now to buy altcoins then you

- chasing the peak of USDT

- "might" chase the peak of altcoins.

If you buy USDT now and hold to prepare to buy altcoins.

- you will still have to accept buying USDT at a high price but not chasing altcoins at the peak.

=> in an uptrend, not every token increases and in a downtrend, not every token decreases.

Healthy correction

Consider boarding the ship

1. Day trading

2. Hold

Stay alert, wait for the right opportunity.

Sometimes doing nothing is also winning.

The boat is crowded, waves crashing precariously.

Out to the misty island, cold wind blowing through.

Sails full, the sky far away in a daze.

Those who embrace dreams, those who long for home.

The sea roars, dark clouds spread everywhere.

The boat sways, the heart is ecstatic.

That green island, far away never near.

The boat goes on forever, not seeing the day back.