Tehter USDT + Whales BTC = SCAM ???
Back about a week ago I'd said that the whales used this opportunity to moon Bitcoin, then get back into Tether for cheap. SO they got to sell their Bitcoin for a massive premium, while gaining USDT for a massive discount.
My theory was that this was done entirely on purpose so that when USDT stabilizes again, THEN we will see volatility again in non-USDT markets.
I think that's where all the volume went for Bitcoin.
The whales were able to sell their BTC for top dollar, and now USDT is back at 99 cents so their buying power is much, much stronger.
What do you think ?
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