So there's a conspiracy theory going on that talks about how tether may be responsible for the rise in bitcoin (
https://tipestry.com/topics/5d110b8313fe3c5fa63e0fd9/completely-natural). I think the initial rise over 4K may have been due to whales, but regardless BTC blasted through heavy resistance levels. Do you guys think this was a planned move by whales, tether based, or the beginning of what could be the next bull run?
Clearly the rise to 10K was purely from bitmex and a brazillian exchange I don't remember the name of. A large number of bitcoin was purchased using USD and Brazillian Real.
After that there were trading with USDT and also other alts. Stablecoin don't just help in making the price rise, they also lead to fall in price, like the way they are doing it now.