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Capital Flight or the Seeds of the Next Cycle?

The Breakdown

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Tether Redeeming Nine Billion Dollars?

Nine billion tether tokens have been redeemed in the past week. The peg has, at various points over the last week was slightly off of one dollar. It's important to note that no real stress has seemed to be exhibited in the tether creation and redemption process - just within the market for tether. But nine billion leaving quickly from tether does send a signal about liquidity, value and sentiment leaving the ecosystem. I do think liquidity leaving tether is barish for crypto. One thing that some others have pointed out before is that, in general, oney doesn't really leave crypto. This means it's there and easily available when it's time to come back. All this to say, don't expect

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