👀 Tether is buying the dip

🧩 Quick Explainer: Why Tether Buys Bitcoin

Since 2023, Tether has been allocating 15% of its quarterly profits into BTC — a self-funded reserve diversification strategy.
Here’s the rationale:
→ Inflation hedge: Bitcoin provides a non-sovereign store of value alongside T-bills and gold.
→ Transparency play: BTC on-chain is verifiable by anyone.
→ Long-term conviction: BTC acts as collateral for USDT’s credibility.

Normally, Tether makes these transfers at quarter-end, but this mid-quarter buy signals a bold message: they’re buying the dip.

How big Is Tether’s stack?

📊 Market Watch

1️⃣ Money-Market strain could force Fed’s hand

Wall Street desks are on high alert once more, as renewed stress in U.S. funding markets has taken a toll just two weeks after an improvement. The tri-party repo rate briefly surged to 2020-era highs last week before coming back down again, but now analysts say it’s not over.

“We’re not in that ample-reserves situation anymore,” Deirdre Dunn of Citigroup said.

• Some strategists anticipate the Fed will return to asset purchases if liquidity becomes tight again.

• The Fed injected $50 billion on Oct. 31 into markets to ease strains, its biggest action since the pandemic of 2020.

• There’s a fresh credit-crunch story quietly brewing as global Treasury issuance sucks up liquditiy.

TL;DR: The plumbing is creaking, and if repo rates flare up again, the Fed may have to step back in sooner than it wants.

2️⃣ Risk rotation hit Binance this week as traders cut BTC and ETH longs and amped up XRP bets.

• XRP futures volume reached $8.4 B, while spot was only at $1.7 B.

• Open interest hovers around $3.4 B, signifying that capital remains in the derivatives arena.

• Support is at $2.10–$2.25; the bulls need to breakthrough to reverse trend.

“Traders are buying micro-dips on XRP while BTC and ETH are risk-off,” CryptoQuant writes in a report. Elsewhere, BTC OI fell by $59.8M following a $957M flush from the previous day that confirmed further risk reduction across the majors.

TL;DR: Fear sucked up Bitcoin & Ether leverage, but XRP traders are still flexing.

3️⃣ Wallets accumulating BTC reach ATH

The ‘accumulators’, or wallets with 2+ inflows but no outflows have in the past month bought an additional amount of BTC adding up to 214,069 BTC and now hold a total of 387,305 BTC representing a month on month uptick of 411%.

• Average buy price: ≈ $64K per BTC

• Daily inflow (Nov 5): 30,913 BTC

• Institutional wallets continue to stack through the dip

TL;DR: The smart money is still stacking and they’re doing so at an increasingly breakneck pace.

Chart our analyst is watching

 🐤 Top Tweets

Here are Cryptopolitan’s top picks:

1. But in what world does it make sense for everyone to see $ZEC flipping $HYPE in merely 2 months?

2. Government shutdown forecasted to last a total of 49 days, based on price of recent trades on Kalshi.

3. Bull vs Bear Markets — What You must know

4. Top 5 Individual Ethereum Holders

5. The trader 0xc2a3, who once had a 14-win streak but eventually lost over $30M, just opened a 10x short on 4,400

6. This is just the V2 Optimus hand. The V3 hand is another level beyond this.

Headline picks by our SEO Lead

🎭 Culture Watch: GTA 6 Delayed (Again)

Rockstar delayed GTA 6 to Nov 19 2026, prompting Take-Two shares to fall 7% after hours.

The studio has said it needs “a few extra months” for polish.