Markets· ★★★· bullish·

USDT borrowing against BTC jumps 83% as traders position for Ethereum-led rotation

  • —USDT borrowing against BTC collateral rose 83% in a month
  • —A whale sold 1,074 BTC worth $89.5 million and bought 36,159 ETH
  • —Bullish ETH comments outnumber bearish ones 2.05 to 1
  • —Bitcoin dominance above 60% caps a broad altcoin breakout
Why it matters: Rising BTC-backed borrowing signals returning risk appetite and a possible rotation into Ethereum and altcoins in Q4.
Source: Cryptonews.net