I don't think the tether prints really mean as much as they did back in 2017. A few months back we got huge tether prints and price did nothing, basically traded sideways or went down. Sure sometimes we get some $150 million tether print and we get an uptick but there could be many reasons for it such as some institutional buying.
Institutional investment is a major factor for the market to rise but then there might be many factors for the rally if institutional investment alone can push the market we would have seen a rally all the time, the printing of Tether was a concern last time and there is not much of a difference this time as they are pumping the Tether in the market.