I just came across a paper written by John Griffin and Amin Shams which states that the bitcoin price was being stabilized because of a coordinated price manipulation with tether.
I respect empirical studies but I don't want to believe that. Many have become millionaires because of their investments in bitcoin and other cryptos, which is what attracted even more investors as these new currencies were being adopted by many to conduct business.
I am still a bit puzzled by the results of the study.
It's normal in any business that those who have money will manipulate and take advantage with the weakness of others. I will just go with the direction of bitcoin as this will give us profits if we have patience to wait for the bounce back.