Still don't get how $USDT marketcap is so flat through this entire rally & retrace.
Shouldn't it have dipped on that corona candle from the other day?
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Buying USDT -- which honestly I take USDT premium as indicator of just that in confluence w/ other things.
But then I'm selling USDT for USD, right?
So potentially rate of buying/selling BTC is equal keeping MC stable?
Or people are staying in USDT?
Or it's not being burnt?
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Yeah it depends--and eventually might get burnt--but short term it's less clear and you could even image it causing creations.