Is the surge in USDT transfers a signal to buy the dip? Wake up! The manipulators are sharpening their sickles!
Crypto investors, take note! On March 11, Tether (USDT) suddenly went wild, with 143,000 wallets collectively transferring, reaching a six-month high. Bitcoin plummeted to a four-month low of $76,700 that same day. Analysts immediately shouted, "The big players are buying the dip! The bull market is returning fast!"
Vincent Liu from Kronos Research went further, pulling out the old saying, "USDT activity is a bullish indicator," and even used the February CPI inflation rate of 2.8% as a cover, ultimately blaming the Federal Reserve meeting on March 18 — this forced hype performance deserves an Oscar! The most outrageous move came from Tether CEO Paolo Ardoino, boasting in the U.S. Congress that "37% of users use USDT as a dollar savings account" while bragging about freezing $2.5 billion in "illegal funds."
So, he can freeze the wallets of investors at will and still uphold the "last bastion of the dollar"? This contradictory maneuver would make even Sun Yuchen light up a cigarette! If you ask me, a spike in USDT activity is no indicator of a bull market at all. Just look at the industry's dark secrets — the manipulators control the market with one hand while laundering dirty money with the other; the warning signs of retail investors picking up the pieces are far more reliable than what your analysts say.
Instead of claiming that "purchasing power is about to surge," it would be better to say, "Retail investors, come fill the pit quickly." I suggest everyone lock up their wallets; don’t be fooled by the big players' bluster, because once the results of the Federal Reserve meeting on March 18 come out, these people will definitely run faster than rabbits. Remember the iron rule of the crypto world: when experts shout to buy the dip, quickly check your escape route!
