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Looking at the Tether Omni Explorer (https://omniexplorer.info/address/1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D) I note that the last Tether tokens were issued on November 9th. BTC price started falling that day, and plummeted 5 days later and has yet to recover. Another 5 days passed before the US Justice Department announced their criminal probe of Bitfinex and Tether. Meaning that Tether may have finally come to an end (although there must still be about $100 million worth of USDT bagholders). I believe it's common knowledge that Tether was the primary method for artificially propping up the BTC price, so why does no one point out that the price action we're likely seeing is BTC markets "without the drugs" of Tether? [link] [comments] |
source https://www.reddit.com/r/btc/comments/a345vv/why_is_nobody_looking_at_the_obvious_cause_of_the/
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