#earn hello friends.
Looking at the event from a different angle. I want to make an observation.
In fact, I'm very curious about your perspective on this issue.
When it started to decline sharply from #Bitcoin 76.000 to #USDT. , the interest rate was around 18-19%.
When the market went down, many people left the coin market and switched to cash. We understand this from two places.
Firstly, the current USDT APR interest rate is 2.37%, which is a very funny figure. #Binance is not a bank and does not want to make anyone pay interest. This shows that everyone is putting large amounts of money into the boiler system.
Secondly, when we look at the purchase orders for #Bitcoin , we see that there is a large accumulation between 60,000 and 55,000 and orders have been placed. Such large purchase orders show that most people turned into cash by selling the coins they had.
So what should we infer from here?
This is a simple supply-demand curve. When BTC falls to 60,000 dollars, it will rise significantly after the orders are purchased and the train will leave the station.
What do you think about this perspective?
$BTC $USDC $FDUSD