- Bitcoin is holding firm, but could this influx of stablecoins ignite its next breakout?
- Tether minted $2 billion in USDT during heightened macro stress
Even with macro pressures weighing heavy, Tether [USDT] just minted another $1 billion in USDT. According to AMBCrypto, it is a move that feels more intentional than routine.
Why? The market’s reaction to recent FUD has been surprisingly muted. Dips were quickly bought, and the price structure held firm. That kind of resilience usually signals strong hands lurking just beneath the surface.
Now, with new liquidity in play, smart money could be lining up to rotate in. That said, will Tether’s quiet vote of confidence in Bitcoin [BTC] pay off?
Tether’s strategic mint amid liquidity prep
Tether just minted $2 billion in USDT on the TRON blockchain, split across two $1 billion tranches. This, after a $1 billion mint on Ethereum back on 18 June, just ahead of the U.S Fed’s latest FOMC meeting.
Here, the timing hasn’t been random. Recently, USDT mints have often coincided with macro-driven market stress, suggesting Tether may be prepping for a demand surge.
And, it’s already showing signs. Since Middle East tensions flared, USDT’s circulating supply has quietly dropped by 150 million – Aligning with a 2.35% drawdown in Bitcoin.
Source: Glassnode
This could be a sign that capital is rotating into stablecoin sidelines – A classic risk-off behavior. So, does the latest $2 billion USDT mint reflect a market retreat, putting Bitcoin’s support structure under pressure?
Not quite. As AMBCrypto highlighted, the market’s reaction has been remarkably shallow. And more tellingly, on 22 June, USDT net inflows to exchanges hit a one-month high of 785 million.
From a structural standpoint, rising stablecoin inflows typically precede greater market participation. It’s a sign that the capital’s gearing up to deploy.
Liquidity loads up, Bitcoin awaits the trigger
As long as Bitcoin holds its ground, that fresh $2 billion in USDT could turn out to be a game-changer.
Even with markets feeling risk-off, BTC is still flowing out of spot exchanges. It is not exactly what you’d expect if people were panicking.
Source: CryptoQuant
Looks more like traders see this drop as a dip worth buying. And, if USDT keeps flowing in and smart money starts nibbling, that sidelined capital could light the fuse for Bitcoin’s next breakout.
If that happens, Tether’s big strategic deployment might just pay off in a big way for BTC’s price action – A trend well worth watching in the days ahead.
Source: https://ambcrypto.com/tethers-2-billion-liquidity-bet-is-bitcoin-ready-to-rip-right-now/