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Also, the sell side volume on the “tether dump” was laughable. Oh, and last time tether was going to “implode” we say BTC spike like $1000 in 15 minutes. So back then a tether implosion caused a BTC spike and this time a dump?
Mate, it was the highest hourly volume we've had all year, even bigger than the 4.2k breakout candle. What are you going on about? Also Finex getting sued by the NY AG and the last time we had Tether related news aren't even remotely similar.
I'm not trying to attack you here, chill. Largest hourly volume since 4.2k but with volume increasing in general since the local bottom it is not as big a deal. In both cases, the expectation was a tether implosion, however the "reaction" was the complete opposite in this case.
Because other stabelcoins spiked. The money went from USDT and BTC in to other stables. With the last Tether dump those stables were not there so the money went in to BTC.
What if I told you that those who pumped the price through 4.2 knew the lawsuit was about to be released... There are crazy conflicts of interest in this space. Exchanges make mad money with those price movements.
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