Tether stopped printing USDT 12 days ago, BTC is rekt, coincidence? Now they printed $1b USDT and BTC price is back up.

Thread got brigaded by Tether Maxi bots and then deleted.

https://coinmarketcap.com/currencies/tether/ (click market cap button)

Tether market cap has peaked out at $184 billion on November 11. In fact they burned $400 million since that day. This coincides almost perfectly with the precipitous drop in BTC price. Most traders know that USDT wash trading has kept BTC price up for years. Therefore it is logical to conclude that Paulo is working together with Blackrock to dump BTC as hard as he can.

ETFs other than MSTR are holding their prices. This also indicates that the dump is artificially induced, as it shows institutional money isn't selling (yet).

I guess we'll see how low they can dump markets before buying back in?

BTC price/USDT supply correlation seems to have gotten memory-holed, here's a random source from 2022: https://bdc.consulting/insights/cryptocurrency/a-new-study-finds-that-using-usdt