By tracking issuance of new ERC-20 Tether (USDT) tokens, traders could predict bitcoin (BTC) price and move faster in and out of the crypto market, according to Sid Shekhar, co-founder of TokenAnalyst.
Blockchain intelligence firm TokenAnalyst looked into the correlation between BTC price and USDT supply, after observing that 2019 alone saw a net total of USD 1.5