Tether CEO boasts that "Bitcoin is unbeatable"! Holdings approaching 80,000 BTC, worth over $9 billion.

The CEO of stablecoin giant Tether, Paolo Ardoino, claimed on social media that Bitcoin is 'undefeatable' (, sparking heated discussions in the market. Meanwhile, Tether continues to increase its BTC holdings, with open interest approaching 80,000 coins, valued at over $9 billion, demonstrating its long-term confidence. However, technical indicator inventor John Bollinger ) has issued a warning, pointing out that Bitcoin may form a 'head fake' ( trap after a recent 'Bollinger Band squeeze', compounded by weekend liquidity risks, which may exacerbate short-term fluctuations in the market.

【Giants Speak】Tether CEO Supports BTC as an "Invincible" Asset

• The CEO of Tether, the issuer of the world's largest stablecoin USDT, Paolo Ardoino, stated on August 6 on the social media platform X that Bitcoin ) BTC ( is an "invincible" asset.
• This bold statement comes at a time when the cryptocurrency market is experiencing fluctuations and digital assets are facing a new round of downward pressure. Although Bitcoin's price trend has been relatively flat this week, the remarks quickly sparked widespread discussion among traders and analysts.

【Whale Movements】Tether Continues to Increase Holdings, Bitcoin Holdings Approaching 80,000 Coins

• On-chain reports show that Tether has continuously increased its Bitcoin reserves to nearly 80,000 BTC, valued at over $9 billion based on the current price of approximately $115,000.
• Tether continues to insist on buying during market adjustments, indicating its deep recognition of Bitcoin's intrinsic value. Recently, Bitcoin has become a core asset in the company's balance sheet.
• Market observers believe that the steadfast holdings behavior of such leading players may inject confidence into the long-term prospects of Bitcoin, supporting market sentiment.

[Long and Short Battle] Supporters and Skeptics Clash of Opinions

• Supportive Views: Agreeing with Ardoino's perspective, emphasizing the characteristic of Bitcoin's strong rebound after experiencing large-scale sell-offs in history. Discussions on crypto forums and social media indicate that many believe only sustained significant shocks can have a long-term impact on its price.
• Risk Warning Views: Warning that touting any asset as "invincible" may lead investors to develop a false sense of security. They point out that new technologies that may emerge in the future could challenge the dominance of Bitcoin, and investors should remain vigilant.

【Technical Warning】Bollinger Bands Issue "False Move" Risk Alert

• The famous technical indicator Bollinger Bands) created by John Bollinger( issued a warning about the price of Bitcoin on August 6th via platform X.
• He pointed out that Bitcoin recently exhibited a typical "Bollinger Band Squeeze" )Bollinger Band Squeeze( pattern: on August 3, the price was compressed down to 111,900 USD, and then quickly reversed and rebounded to 115,700 USD.
• This sudden "V-shaped reversal" has put many bearish traders betting on further price declines in a passive position (being "stopped out").
• Bollinger especially reminds that this pattern is clearly visible in the cryptocurrency spot market, but it is not obvious on the charts of Bitcoin spot ETFs (as they do not trade on weekends and holidays), analysts need to pay attention to this difference.
• "Head Fake" ) is a metaphor borrowed from basketball terminology, referring to an asset price that initially breaks out in one direction and then quickly reverses, catching traders off guard.

【Market Dynamics】Narrow Fluctuation Accompanied by Liquidity Risk

• This week, the closing price of Bitcoin hovered around $115,000 during most trading sessions.
• The price has slightly increased in the past 24 hours, but Fluctuation remains a key factor. Traders point out that insufficient liquidity over the weekend and previous price gaps are likely to trigger severe two-way fluctuations.

Conclusion: The "invincible" declaration by Tether's CEO and the company's substantial holdings in real money provide strong backing for the long-term value of Bitcoin. However, Bollinger's technical alerts and reminders about the market's microstructure (such as weekend liquidity traps) reveal the complex risks faced by short-term traders. Current market participants are cautiously evaluating this optimistic yet prudent signal, seeking a balance between Bitcoin's resilience over the past decade against numerous challenges and the reverence for unknown risks. The coexistence of market confidence and risk awareness will become the main theme in the near term.