Let me educate everyone a bit by talking about an obscure trading pair:

There are many novice traders who don’t understand why when BTC rises, other altcoins tend to fall. Many people are also confused about the term 'bloodsucking' related to Bitcoin's rise! Please read the following content:

BTC is the leader in the cryptocurrency world, the big brother. Therefore, there are many trading pairs like BTC/ETH, BTC/ADA, DOGE/BTC, TON/BTC, SOL/BTC, PEPE/BTC, BNB/BTC, and many other altcoins against Bitcoin!

Those who are observant will notice that recently a lot of USDT has been minted. However, when Bitcoin hits a new high, the trading volume of Bitcoin's USDT actually does not increase much, meaning it has been rising without volume. But where is the buying power coming from? It appears in these BTC/altcoin trading pairs!!!

Normally, buying coins is done through trading USDT. Recently, many market makers and institutions have adopted a model where they trade altcoins/BTC, which effectively means they are directly exchanging altcoins for Bitcoin. For altcoins, this means selling, which puts selling pressure on them. This is why whenever BTC rises, altcoins tend to fall; the selling pressure on altcoins comes from here. Then, when BTC rises again, they exchange BTC/altcoins back!!

After this back-and-forth operation, the amount of USDT held by market makers and institutions will increase. During the process, they will also add some leverage to enhance the yield on their capital! #BTC☀