Why the rise of Bitcoin sucks the blood from altcoins, for example: ADA/BTC institutions buy like this #比特幣 this way both currencies can be purchased if it rises then sell to gain $ADA if it falls then $BTC you will definitely have one of the currencies in hand

Let me give you some popular science and talk about an unpopular track:

There are many newbies who don’t know why other altcoins fall after BTC rises, and why Bitcoin rises and sucks blood. Many people don’t understand what it means! Please read the following content for consultation:

BTC is the leader of the currency circle, so there are many BTC/ETH BTC /ADA DOGE/BTC TON/BTC SOL/BTC PEPE/BTC BNB/BTC and many other altcoin and Bitcoin trading pairs!

Careful people will find that USDT has been issued a lot recently, but when Bitcoin broke through a new high, the trading volume of Bitcoin’s USDT was not very high, that is, it has been rising without volume, but where does its buying come from? It appears on these BTC/altcoin trading pairs! ! !

Normally, buying coins is done with USDT. Recently, many market makers and institutions have adopted the model of using altcoins/BTC, which is equivalent to directly exchanging altcoins for Bitcoin. For altcoins, it means selling, which is also the reason why altcoins fall as soon as BTC rises recently. The selling pressure faced by altcoins is here, and then when BTC rises, they will exchange BTC/altcoins back! !

After such back and forth operations, the amount of USDT in the hands of market makers and institutions will increase. In the process, they will also add some leverage to expand the yield of funds!
#NOT市场动态 #比特币关键区间