$USDT was minted but not deposited on Binance, so where did the money go? As everyone knows, the amount of $USDT minted by #Tether and MM at the end of April was relatively large. The previous insight from the team was also correct when the market had some positive changes. So has the minted money fully absorbed into the market yet? Has the price-pushing process finished? Data on $USDT balance on Binance shows that even during the large $USDT minting at the end of April, the $USDT balance on Binance was continuously withdrawn, even exceeding a negative -$1B. Instead, the $USDT balance on Karen increased significantly. => $USDT mint was deposited into Karen instead of Binance. What does this mean? Regarding $USDT balance on Karen: - The $USDT balance, after reaching its peak, was immediately withdrawn, even reduced to 0. - The $USDT balance only fluctuates strongly during the market's increase/rerk. => $USDT pushed to Karen is to accumulate. Currently, $USDT after reaching #ATH has not decreased significantly => the accumulation process is not yet complete. Regarding $USDT balance on Binance: - The $USDT balance peaked at the beginning of December and then sharply decreased to 0. - The $USDT balance will peak after a sharp decline. - Balance fluctuates in phase with the market, peaking and rerk together. => $USDT pushed to Binance is to push the price. Currently, $USDT has not peaked after the decline to -$1B => The market peak is not yet confirmed. So what can be concluded? - The $USDT minting in the recent period is still mainly serving the purpose of accumulation, and this process is still ongoing. - The market's upward trend in the medium and long term is not yet over. - The market will only truly enter a strong upward wave and confirm the peak when $USDT is net deposited on Binance. A like, share if this article is valuable to you ❤️