My lovely people, things are getting spicy in the crypto world! 🔥 Get ready for this gossip I bring you about Tether (USDT), the stablecoin that is like the dollar of the digital world. It turns out that more than one billion dollars in USDT have been minted! Yes, you heard it right, ONE BILLION! And the craziest part is that the market is quieter than a dead man, nobody is stirring! 🤫

Imagine that, while Bitcoin (BTC) was around $107,500 and Ethereum (ETH) was dropping from $2,550, there was a huge capital injection, but not as one would expect. One billion USDT was minted and, boom!, it was quickly sent to two heavyweights in the market: Cumberland, which is a super important cryptocurrency trading desk, and Abraxas Capital, a cryptocurrency fund that uses pure intelligence. 🤓

Almost all that money went straight to the largest exchanges, like Binance and OKX. This is not just anything, folks! But the strangest thing is that the market hasn't moved a muscle. It's as if the crypto universe has gone silent, and that doesn't add up! 🧐

So, what the hell is going on with USDT? Well, look, a wallet connected to Cumberland received 555 million USDT, and the wallets of Abraxas took the remaining 434 million. And these weren't strange movements; they were normal deposits into exchanges!

The thing is that both Abraxas and Cumberland are big trading desks, the kind that usually cause a stir and volatility in the market. But this time, despite all that USDT injection, the market is like asleep! The wallets activated, the money moved, but the coins are still not 'turning', they are not being used. There is something hidden here! 🤔

Where is the action? Neither Bitcoin nor Ethereum are moving! 📉

The on-chain flows, which are like the official gossip column of cryptos, are telling us the real story. Neither Bitcoin nor Ethereum have seen significant inflows, despite all the USDT that moved. The net flow of Bitcoin remains negative, meaning that people are withdrawing more BTC from exchanges than they are putting in. This is a sign that no one is in a hurry to sell or exchange their stablecoins for other coins, for now! ⏳

And the same happens with Ethereum. The net flows show that ETH is still being withdrawn, even if it's little by little, even with the price stagnant at $2,550. If all those USDT transfers were for instant buying, we would already see a sharp movement in prices! But no, it seems that Tether's funds are there, waiting, doing nothing! It's like having a Ferrari in the garage and not taking it out for a spin. 🏎️💨

The curious thing is that the ETH flows are calmer than those of BTC. This could be a sign that Ethereum is preparing for something big in the future, so stay tuned! 👀

A lot of USDT, but little action? The big players are lurking! 🕵️‍♂️

The amount of stablecoins in circulation keeps rising, and has already surpassed $161.5 billion! It's a new record, even with BTC and ETH prices holding steady. Historically, when there is so much liquidity, big movements in the market come. But this time, Tether seems to be stalled.

This suggests that there is capacity to react, but it has not yet been activated. The truth is that this supports the idea that institutions, those giant players, are preparing for volatility; they are not seeking it immediately. It's like they are filling their gas tanks before a race. ⛽

And if we look at the derivatives (which are contracts based on the price of cryptos), the situation is the same: the funding rates have not risen unusually. This is a red flag if we expected to see many aggressive buying positions. If institutions were actively using all that USDT, we would see a bunch of long positions! But leverage is moderate, and funding rates are almost flat.

If funding remains stable while more stablecoins come in, it means that the market is cooking slowly! It's more like a pattern of accumulation, gradually saving up. Bitcoin has not been able to surpass $110,000, and Ethereum remains below $2,600. Meanwhile, all those entries from Cumberland and Abraxas are there, in the air, without a clear direction, without people rotating stablecoins for altcoins.

No massive purchases! Just inactive USDT and an unusually slow pace. What comes next will not be driven by us, the retail investors. The big players are already ready! Now they just have to wait for the perfect moment. So stay alert, folks! This is going to get good! 🍿$USDC $BTC $ETH