This is crazy! I have never seen a gap like this on the 3 day chart for USDT. There were some big players moving into USDT before this crash! We like to watch the USDT.D for hints on larger macro moves in BTC. Whenever we see a move of this magnitude, we always take notice. As you know, we were short for this trade. We have taken down most of our short exposure now and we will look to re enter the BTC market once the USDT.D gets overbought. This is usually a good indicator for when the market has retraced enough for safe long side entries.
Happy Trading!
Happy Trading!
