Bitcoin slipped below $65,000 during early Asian trading hours as renewed tariff tensions weighed on broader risk sentiment. As the largest cryptocurrency extends its downtrend, Tether’s USDT has flashed a signal that has appeared only once before. The move raises questions over whether this marks a major market turning point or signals further downside pressure ahead. Crypto’s “Dry Powder” Is Shrinking: What USDT Contraction Means for BTC In a recent post, analyst Moreno noted that the 60-day market cap change for USDT dropped below -$3 billion
source: https://beincrypto.com/bitcoin-usdt-liquidity-signal-market-bottom-risk/