Tether's Q3 2023 report has been announced! 📉

- Tether announced that it had a total of 75,353.56 BTC in the third quarter.

- However, this amount decreased by 187.71 BTC compared to the second quarter.

- Phyrex reminded that Tether said it would buy BTC with 15% of its quarterly profit in the first quarter of 2023.

- There was no BTC purchase in the third quarter of 2024, and the amount of BTC on hand also decreased. 🤔

Is there a loss of confidence in the crypto market?