How much USDT has been printed the last few days?
Forgive me if I’m wrong but the Tether printing machines usually go brrtt whenever there is a BTC price drop like this, no?
Sounds to me like somebody got sucked in by tether FUD.
Critique #11: Bitcoin is Being Pumped by Tether
CRITIQUE: Tether is a ponzi-scheme; new units are issued out of thin air and used to buy bitcoin, dramatically and artificially inflating the price of BTC.
REBUTTAL: There is indeed a lot of uncertainty around various details of tether, but there is no serious evidence of unbacked new issuance artificially inflating the price of bitcoin.