
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
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