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I’m thinking that if they were in usdt, they will go into bitcoin but cash out 🤷🏼‍♂️

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That's what's happening now. I was assuming that some forward thinking risk-taking trader would have bought usdt when the price was down with the assumption that USDT will always go back to $1.

I highly doubt people who still hold USDT are going to be bagholders though.. At least not in the next few months..

I could be wrong.. That if that were true, happily wrong.