The Reasons Behind Bitcoin's Rise and Altcoins' Decline

Newcomers in the crypto world often wonder why altcoins drop when Bitcoin rises and what "bloodsucking" means. BTC is the "big boss" of the crypto world, and many exchanges have BTC trading pairs with other coins.

Recently, there has been a significant issuance of USDT. However, when BTC reaches new highs, the trading volume with USDT is low, showing a price increase without much volume. The buying pressure is actually in the BTC/altcoin pairs.

Generally, people use USDT to buy coins, but now market makers and institutions are making special operations, exchanging altcoins for BTC, which leads to selling pressure on altcoins, hence BTC rises while altcoins drop.

As BTC's price increases, institutions will exchange back using BTC/altcoin pairs, creating a cycle where both institutional USDT and the amount of coins increase, while also leveraging to expand profits. This is the truth behind the selling pressure on altcoins and the "bloodsucking" phenomenon.

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