Let's popularize a little-known track for everyone:
There are many novice beginners who don't understand why after BTC rises, other altcoins fall, and many people don't understand what it means that Bitcoin is 'sucking blood'! Please consult the following content:
BTC is the leader in the crypto world, the big brother, so there are many trading pairs like BTC/ETH, BTC/ADA, DOGE/BTC, TON/BTC, SOL/BTC, PEPE/BTC, BNB/BTC, and many other altcoins paired with Bitcoin!
Observant people will notice that recently a lot of USDT has been issued, but when Bitcoin breaks a new high, the trading volume of Bitcoin's USDT is not very high, which means there has been a rise without volume. But where does the buying pressure come from? It appears in these BTC/altcoin trading pairs!!!
Normally, buying coins is done by trading with USDT. Recently, many market makers and institutions have adopted a model where they use altcoins/BTC, essentially directly exchanging altcoins for Bitcoin. For altcoins, this means they are being sold, leading to selling pressure. This is also why as soon as BTC rises, altcoins drop. The selling pressure facing altcoins is here, and then when BTC goes up again, they exchange back BTC/altcoins!!
After this back-and-forth operation, the amount of coins in the hands of market makers and institutions in USDT will increase. During the process, they will also add some leverage to amplify the return on their funds!
