i have stats from 2022-2023 and posted them here on ET. did not bother checking these days. BTC price and tether printing are almost perfect correlation.
Some evidence: https://www.perplexity.ai/search/what-proportion-of-bitcoin-tra-7r48pWC9Q1iEnqF7Zthw1w
You're both trying to avoid the question, perhaps I was unclear so let's make it a yes or no question In the US bitcoin markets, where CME futures, Blackrock, Fidelity, (and other bitcoin spot etf issuers), Institutional investors, pension funds, retail traders at Robinhood, Coinbase, Kraken, Gemini, IB, who trade 10's of billions of $ worth of btc, daily Are they using tether for trading bitcoin 70%? Yes or no If it's a no, is it closer to 0%? yes or no I'm happy to discuss what both of you are alluding to, in order to clarify for everyone
John that is 30% of the market where real money involved. 70% of volume is based in Fake tethers. Remove fake tethers, and real Money has fear. BTC and whole crypto market collapses.
It was a yes or no question, RedDuke, how could you not give me an answer on both questions? Please answer the 2 questions, with a yes or no I promise I will discuss your 70% volume... in fact I am very much looking forward to it to clarify for everyone
Yes, and there is evidence. https://www.perplexity.ai/search/who-uses-tether-to-trade-bitco-Qr7y4sjBTwK2Rpk2kpLpfg Somebody big is missing from that analysis though ... https://www.perplexity.ai/search/what-proportion-of-bitcoin-vol-t_5J79AuRgOLABjvypq7YA According to the reference in my previous post on this thread, Tether still was still used for ~60% of bitcoin trading volume in 2024.
“As of April 30, 2025, the daily trading volume for CME Bitcoin Futures (BTC) was approximately 5,290 contracts. This figure represents the number of contracts traded on that day.” and these are just futures on margin. Hardly billions and some days it’s literally in 100s of contracts only, so 5k contracts is a big day. My point exactly real money are tiny part of the crypto pie. And if fake tethers are removed these volumes will disappear all together.
The country with the highest trading volume for bitcoin in the whole world is the US and uses USD for bitcoin trading Outside of the US, tether is used in all other countries for trading bitcoin and derivatives. I already said happy to explain this to both of you, but now I've changed my mind and not going to waste more time ph1l is clueless, RedDuke, you already know why, since you were boasting of how you can do same-day international wire transfers from your bank for free.... so why are you not doing that to Binance and why do you use tether? Tether will get much much much bigger, in the trillions of $, it will eat up as much of the Eurodollars market