When BTC dropped straight to the 60K mark, I observed some quite interesting signals.

First, the USDT P2P price surged to 27k1 before cooling down. This usually doesn't happen if the market is completely panicked.

From here, there are two possibilities. One is that retail is loading USDT to save margin, futures, lending positions. The other is that retail is loading USDT to catch the bottom of BTC and altcoins.$BTC

BTC

66,389.99

-1.62%