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That’s not quite how it’s gonna work. It doesn’t matter what the Tether market cap is. The BTC market cap is coins x price. If Tethers represent 70% of inflow and they disappear, price is gonna come down. Likely a lot more than 3%.

This is addressed in the article.

Basically the market cap of BTC is not relevant here, but rather the daily volume.

JackFr Fair point. Thank you.

Well, it will be an interesting week for sure.

And from the 3% of tether, probably 74% is actually been backed.