The USDT vs USDC price disparity analysis is fasinating. The fact that USDT demand spikes at market tops while USDC demand rises during liquidation events makes intuitive sense, but having the data to back it up is helpful. Interesting to see how Ethena's USDe is playing into the USDT demand picture too.
Agreed always nice to see things fitting together as expected. The Ethena dynamic is one that should definitely be monitored moving forward - think its reasonable to expect that we will continue to get more frequent violent swings in USDT prices as a result of their need for it. In general you could watch USDe price, ENA price, and USDT price and from these alone get a good feel for market sentiment
The USDT vs USDC price disparity analysis is fasinating. The fact that USDT demand spikes at market tops while USDC demand rises during liquidation events makes intuitive sense, but having the data to back it up is helpful. Interesting to see how Ethena's USDe is playing into the USDT demand picture too.
Agreed always nice to see things fitting together as expected. The Ethena dynamic is one that should definitely be monitored moving forward - think its reasonable to expect that we will continue to get more frequent violent swings in USDT prices as a result of their need for it. In general you could watch USDe price, ENA price, and USDT price and from these alone get a good feel for market sentiment