We have recorded the money flow in the past time:
- USDT minted 3B more
- FDUSD minted 500M more (mostly Wintermute received)
- USDC minted 600M more
A total of 5B $ was minted in the past 2 weeks.
The market is reacting to the Fed meeting, the continuous minting of money boosts the positive sentiment in the market after nearly 3 weeks of sideways movement of btc, which is moving to surpass the 60k threshold.