@Bitfinexed Read your article.. lots of dots you are connecting. These rumors have been going on for months: 1-Why would there be and are there large holders of Tether? 2- If there are they could have liquidated their position many Xs over for months and still could, so why hold?
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I don't but you don't need tether to own BTC. Btw I agree most of alts are going away
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Your claim of BTC at $10-15 which is 0.. Essentially means that all 2.5B tether has nothing behind it and is levered up 40xs. I would argue that there is more than nothing behind it and not levered up that much. Aside from from it being roughly 50% of BTC volume not 100%
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May I remind people, many of the largest Hodls of BTC paid little to nothing for their positions. There may be more fraud coming but I doubt it takes down the mkt... This mkt has already seen fraud, and responded accordingly.
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