Recently, I’ve noticed an interesting phenomenon: BTC is rising, but USDT is actually falling.

This situation has happened a few times before, and it always makes people ponder. In theory, when market sentiment is good and capital is flowing in, the demand for USDT should go up. But now the opposite is happening.

Does this mean that there isn’t actually that much capital coming in from outside the market? Or is everyone just buying crypto directly with fiat, bypassing stablecoins altogether? Or is it simply because there’s been another increase in USDT supply, so there’s too much USDT in the market and the premium has dropped?

This signal feels pretty subtle—I’m not sure if it’s just a short-term fluctuation or if capital flows are actually changing. Has anyone studied this kind of divergence? What usually happens next?

BTC0.09%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
5
Repost
Share

Comment

0/400

MetaverseLandlord

· 12-03 06:33

This divergence is indeed strange, and I've been thinking about it too. U falls while BTC rises... it feels like the market is trying to tell us something but isn't saying it outright. The hypothesis about fiat direct purchases makes sense, especially now that there are so many more on/off-ramp options. But it's more likely that institutions are quietly rotating their portfolios. It's really hard to say. Usually, when this has happened before, it was the eve of a consolidation period. It's right to be cautious.

View OriginalReply0

BearMarketSurvivor

· 12-03 06:32

U drops while BTC rises? This logic is definitely unusual. Why panic? I already exited U a while ago anyway. --- Feels like the big players are entering directly with fiat, completely bypassing stablecoins. --- Another round of printing? It’s always like this. The credit limit for U is almost maxed out. --- Whether this is a divergence or not, the key is whether there will be big money coming in to take over later. --- Honestly, whenever this kind of signal shows up, the outlook is generally not too optimistic afterward. --- You can tell whether there’s enough off-market capital just by looking at U’s premium. Now that it’s dropping, what does that say... --- Damn, another subtle signal. Every time things get “subtle,” it’s always right before a crash. --- Buying directly with fiat? Then all the U held by exchanges would be for nothing. --- I think it means the market sentiment is about to reverse. This kind of contrast is the most dangerous.

View OriginalReply0

AirdropGrandpa

· 12-03 06:28

Hmm, USDT is dropping while BTC is rising... this logic is indeed unusual. I agree with the argument that there's insufficient off-exchange capital; fiat direct purchase channels are indeed expanding, and it's becoming easier and easier to deposit funds into exchanges.

View OriginalReply0

SorryRugPulled

· 12-03 06:08

USDT drops while BTC rises? This reverse movement looks a bit weird, feels like funds are quietly shifting around. There should be quite a few people entering directly with fiat to avoid dealing with USDT—it’s more convenient after all. I’ve seen this divergence a few times before, and it’s always hard to predict what’ll happen next. Gotta wait for the on-chain data to tell the story.

View OriginalReply0

RektHunter

· 12-03 06:07

I also noticed this divergence; it does seem like there's a lot of premium pressure on USDT. Case solved—it's just that the issuance is too aggressive, and there's a mountain of USDT on the market. What does this indicate? The whales have already moved to fiat channels, while retail investors are still tangled up with stablecoins. This signal isn't great, actually; it's a sign of capital outflows.

View OriginalReply0

Trending TopicsView More
#JoinGrowthPointsDrawToWiniPhone17
255.26K Popularity
#DecemberMarketOutlook
47.77K Popularity
#PostonSquaretoEarn$50
5.2K Popularity
#LINKETFToLaunch
7.12K Popularity
#SharingMy100xToken
7.56K Popularity

Hot Gate FunView More

1
TPUTPU
MC:$3.61KHolders:1
0.00%
2
DPB听说要瀑布
MC:$3.67KHolders:2
0.04%
3
GLOOGloo
MC:$3.7KHolders:2
0.09%
4
SafeXSafeX
MC:$3.64KHolders:1
0.00%
5
BTQBitqoin
MC:$3.64KHolders:1
0.00%

Sitemap