Despite a recent dip in Bitcoin's price due to fake news of a spot Bitcoin ETF approval, Bitcoin is still performing well compared to other cryptocurrencies. The price of Bitcoin is currently up by 1.9%, trading above $28,700, and is expected to rally further due to significant USDT accumulation by top Tether wallets.

The top 10 Tether wallets hold 25% of the total USDT supply, and the surge in USDT accumulation is a positive sign for Bitcoin and crypto, indicating increased buying capacity for investors. Analysts predict that if the ETF market sees a capital injection of $16 billion, Bitcoin's price could potentially surge above $37,500.