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I know whales are not fools...but selling a huge part of what they hold is a way to manupulate the market. Causing more downfall. And with my little knowlege i believe that it will get a point when tether printing will bring fake marketcap. That was my reason for this topic. A friend of mine said that cryptocurrency was a joke. Sincerely i couldn't argue it. I just smirked.
then what do you think has been happening so far? and why did you just think about it now? do you think they are going to start now that we had a 70% drop?
what you need to know is that any manipulation also has its own power and will soon run out of. you can't manipulate the price from $20000 down to $1 there is millions of other traders in the market too and they are also buying and selling bitcoin. at some point you reach a strong resistance (which is most probably the $6000 that we saw tested 3 times and remain strong) that can not be broken so the reversal happens.
tether has nothing to do with market cap! 90% of the things you read about it online is pure bullshit created during the downtrend to create panic
People's argument is always panic, yeah understand everyone wants panic in people but why do they want it? You'll say: to lower price. Then answer me, can you just give me one argument about why the hell do we need higher price of bitcoin? No, there is no way because bitcoin works well on 300$, 600$ and on 6000$ too as we see currently.
We can't say it's 100% sure. Btw here I remember coinmarketcup and how they manipulated price in minutes.