The fair value for them now is around 36k, of course for best value of acquisitions is below 30k
Buy wall around low 40k disappear for 50%, could just be normal retailers getting frontran, but its a significant amount
Tether just printed 750M USDT, and NYAG sent a warning afterwards on Twitter
No Grayscale unlock this month, Goldman Sachs is in
I think most importantly Tether guys want to exit scam and ciao, they cant come out with proof of reserves in less than 90days, they have no reserve LOL. Tether sent 300M to exchange since 43k, and mint again, they getting desperate lol
NYAG kicking the can to SEC/DOJ, issued warning letting people a chance to get out
The drop might just to 43k and done, might still have short term chopped, but eventually will go up and explode, but when it ends the drop will be spectacular once the domino falls
Markers are there, some people just like to pour fuel into fire, i dont know where bitcoin may go, too many hidden hands in closed door, i probably just gonna start moving out my money little by little
Tbf right now I dont think other stablecoins can either right? Usdc took down their transparency page, busd is backed by an exchange. Maybe DAI but who knows?