Coinmonks
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Coinmonks

Why Are Hedge Funds Shorting USDT?

Is another Luna episode coming? Should we sell USDT and buy more BUSD and USDC?

Photo by Quantitatives on Unsplash

The big news in Cryptocurrency is that many hedge funds are opening short positions against Tether's stable coin USDT. This is serious news because many traders have already opened trades in USDT pairs.

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Entreprogrammer

Entreprogrammer

Tech entrepreneur | Change maker | Enthusiastic about AI and Blockchain