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Clearly Tether (USDT) equivalent to 11 billion yen was remitted to Bitfinex

It is said that in the cryptocurrency trading area, when a large number of stable coins are remitted to the exchanges, Bitcoins tend to be purchased.

In Chepicap, it is reported that dollar currency · USDT equivalent to 100 million dollars (about 11 billion yen) was remitted from cold storage to Bitfinex .

CryptoPotato reports that similar cases are taking place on July 24 and August 21 this year, and the price of Bitcoin is about 800 dollars on July 24, about 650 on August 21 The dollar is rising.

The inflow of a large amount of USDT has been confirmed in both periods, and it is speculated that there is a causal relationship with the price rise of Bitcoins.

Although the phenomenon according to the preceding example certainly does not occur, in the past case, it seems that there is a possibility that the price of Bitcoin will rise sharply in the near future.

On the other hand , short order orders are rapidly increasing in Bitfinex, which is likely to conflict with the movement of tether .

Bitcoins are trading around $ 7270 at the time of article writing, rising by 0.38% in the past 24 hours.

There is also news that Tether was used for price control of BTC in the past, rumors are constant.

Researchers announced a survey result that BTC was price operated by Tether – CRYPTO TIMES

Tether allegations thoroughly verified. US dollar reserves to Puerto Rico! What? – CRYPTO TIMES

Image Source: CryptoPotato


It seems that enough dollars are kept for the time being, but what about …

Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/1m-usdt-sent-to-bitfinex/

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