Read this article before the US stock market opens tonight on 5/21
Are Market Makers continuing to mint USDT to maintain the price push?
In a few hours, Cumberland & Abraxas Capital have minted a total of over 150M $USDT from Tether.
The $USDT has now been deposited by the MMs onto exchanges right during the market's current adjustment.
In previous minting instances, the price immediately reacted and rebounded when the US stock market began trading. Will this batch of $USDT be used by them to buy the market?
With this sustained minting, the market will have a tendency to increase sustainably, coinciding with Binance's previous minting of $USDC.
Let's wait and see how the market will run when the US session starts tonight 😉
Everyone can follow the data on the USDT dashboard here (
Urgent, #Binance and #Wintermute exchange roles with each other in the market's growth momentum!! 🟩
Here are the important actions in the last few hours from the house that you need to know 👇👇
In the last few hours, #Binance has continuously minted over 180M $USDC
Conversely, in the past day, #Wintermute has burned almost all the money they set up for the price-making phase last weekend
It seems that large entities are exchanging roles with each other, as large funds are gradually being transferred from the MM team to the exchange. Usually, in similar actions, the market will enter more stable waves. This will be a good signal as the market has been showing a very sustainable growth momentum, different from the "ups and downs" last weekend
Like if everyone is looking forward to a detailed macro article about Binance in general and the BNB system in particular in my next article! ❤️
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