# Daily observation 7/5

**Published by:** [andywan](https://paragraph.com/@andywan/)
**Published on:** 2022-07-04
**URL:** https://paragraph.com/@andywan/daily-observation-7-5

## Content

The present usdt circulating supply has changed by an order of magnitude compared to 2018,2019. https://messari.io/asset/tether/chart/sply-circThe 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 Many bitcoiner replied “Bitcoin fixes this” under Peter Schiff‘s thread.BTC 1h chart now above 200 day MA!BTC 4h chart now above 20day MA!Going long bitcoin is good chance now！

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