The alternative explanation I've seen is that BTC *futures* went live on CME and that's usually what happens when futures go live. And given stable prices at 5K, the grift worked? /The alt-alt-explanation is that "usually" grifters end up exploiting the new futures markets.
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From what we know, tether is an institution that „lost“ close to a billion USD, filled that gap with loans from iFenix (which is also tether, but don’t tell anyone) in the form of empty promises and is responsible for the majority of all global shitcoinvolumepic.twitter.com/WCpzWWj72Q
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