Analyst: Tether premium is still falling, BTC premium on Bitfinex also dropped slightly

The Block analyst Larry Cermak said that even though Tether is only holding 74% of cash, the Tether premium is still falling, and has now dropped from about 1.3% yesterday to 0.7%. In addition, Bitpinex's premium on Bitcoin is still at a relatively high level, but it has also declined, from 6.3% yesterday to 5.8%.