Hello
There is a report that is going on right. 100 million tether was printed, $100 million of Bitcoin was moved to 3 exchange at the same. What is going on now? Could this lead to a dump or pump?.
I guess that will be going to the pumping trend of bitcoin. As far as i know this scenario has already happened last year when tether was printed so many USDT and they have used it to bought bitcoin and then it gives a huge pump to the price of bitcoin instantly. This will become another bullish trend i guess they will try to print more and more.
As you can see what is going on in the market now. This is a serious dump. These guys continue to manipulate the market. if this persist, it will take long time for another bullish trend. This dump might take bitcoin to the bottom maybe around 5k or 4k.
I agree with you, these guys are playing dirty, they specifically released 100 million tether and made it clear that there will be still growth, and then lowered bitcoin for $ 1000. Growth will begin just when they come, but as long as I do not see the prerequisites for this, they will most likely drop the market to $ 5000, and possibly lower ((