Tether Premium and Bitcoin Price
Tether, or USDT, is a cryptocurrency token whose value is supposed to mirror the value of the United States dollar. The USDT price premium is the percentage by which real time USDT prices on exchanges exceeds (or falls shorts of) one US dollar. As you can see in the accompanying chart, a large positive USDT price premium trends to signal a coming rise in the price of the Bitcoin. Meanwhile, a negative price premium may signal a fall in Bitcoin prices. Bitcoin prices are difficult to predict, but if you are inclined to try, USDT price premiums are one more factor that you may want to take into account.