# Daily observation 7/5

By [andywan](https://paragraph.com/@andywan) · 2022-07-04

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The present usdt circulating supply has changed by an order of magnitude compared to 2018,2019.

[https://messari.io/asset/tether/chart/sply-circ](https://messari.io/asset/tether/chart/sply-circ)

![](https://storage.googleapis.com/papyrus_images/bdeee17c938200e5fac9dac0122efea4420cc8184bcef7a5ab5628feaa6142a8.png)

The clear distinction between 2018 and this bear market is that in 2018, in fact no one had any money.

And this time, a lot of hodlers and institions are still wealthy and holding a large amount of usdt/usdc/busd etc, just wait and see.

[https://twitter.com/PeterSchiff/status/1543729010278113281](https://twitter.com/PeterSchiff/status/1543729010278113281)

Many bitcoiner replied “Bitcoin fixes this” under Peter Schiff‘s thread.

![](https://storage.googleapis.com/papyrus_images/6e5adf90480f6511f8d1836f021c06f94406be07b98e64d97b1c30f41761bffa.png)

BTC 1h chart now above 200 day MA!

![](https://storage.googleapis.com/papyrus_images/abde20efb33d9ce6c96f475c4450cbf80b4ec112d073006c19269b2b1533ec11.png)

BTC 4h chart now above 20day MA!

![](https://storage.googleapis.com/papyrus_images/c94e3a40f0faa0706b9389d8c0ededb28673dd36cc847ba4117e8d5b8333f704.png)

Going long bitcoin is good chance now！

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*Originally published on [andywan](https://paragraph.com/@andywan/daily-observation-7-5)*