💸 In a strong sign of capitulation, the amount of Tether wallets (On Ethereum's blockchain) has declined by -72,841 (-0.54%) in just 48 hours. $USDT's number of addresses historically sees a net increase nearly every day, unless buying interest from retail sees a massive falloff. So yes, this is rare.

📈 The last time we saw a similar drop of this magnitude was December 19th to 31st, 2024. This ended up marking a bottom at that time, and Bitcoin's price proceeded to jump +10% in the following 2 weeks. Since markets move opposite to the crowd's expectations, there is a very good chance of history repeating itself.

👀 Follow along with Tether's total amount of holders with this handy Santiment chart!