The minting of 1 billion USDT on the Ethereum blockchain has drawn attention, which may signal a Buy the Dips opportunity. Recently, the cryptocurrency market has been under continuous pressure, with Tether minting an additional $991.9 million USDT on the Ethereum network, a large-scale operation that has attracted widespread attention in the market. Market Background - Ethereum prices have lacked strong support for several days, hovering near recent local lows. - Bitcoin also shows weakness, continuously testing the bottom of the trading range formed since June this year. - Market sentiment is generally weak, and investors are showing strong wait-and-see attitudes. historical significance Historical data shows that large-scale Tether minting activities, especially those occurring on the Ethereum network: - Often seen as a potential liquidity injection signal - May indicate capital layout near the market bottom. - Often has a certain correlation with subsequent price movements possible impact These newly minted stablecoins may be: - Large Traders - Market Maker - Institutional Investors used to purchase Bitcoin, Ether, or other crypto assets on the secondary market. Therefore, such events may sometimes: - Related to short-term price rebounds - Seen as a signal for market participants to "Buy the Dips" - Suggesting that funds are preparing for a possible further decline. Analyst Viewpoints Most analysts believe that this large-scale minting may be conducted by market makers and large investors: - Early signs of pre-positioning - Prepare funds for a possible further decline in the market. - Indicates that potential buying opportunities are forming This event is worth following closely, as it may provide important market signals for sharp investors.

Liquidity was very low on Sunday. Remember how Trump stirred things up last Sunday and the market rebounded? What about today? Especially regarding the market sentiment for the upcoming week. Continuing to chat. "Can $ETH be bottomed out?" The conclusion of Messari Deep Research is answered. AI is relatively optimistic. For the time being, the price is indeed above 34-36. This is not investment advice.

After the flash crash on October 11, the Bitcoin contract's open positions have significantly decreased, currently reported at 68.47 billion USD. According to data platforms, the total open interest for Bitcoin futures contracts across the network is 640,840 BTC (approximately 6.847 billion USD), a decrease of about 27.2% from the historical high of 9.412 billion USD on October 7. The total open positions for Ethereum futures contracts across the network are currently reported at $42.25 billion, a decrease from the historical high of $70.13 billion on August 23.