Sunday, 5 December 2021

Yesterday I talked about how centralized exchanges are limiting BTC price . Here is the other side


So in the last 24hrs Teather printed $500 million USDT. Including $1 billion USDT for "inventory" on the Tron Networkhttps://coinmarketcap.com/currencies/tether/https://bit.ly/3rS3SYH in total $1,5 Billion of USDT was minted in the last 24 hrs. Of which $500 million was sent to FTXhttps://whale-alert.io/transaction/tron/8e9bde1b685aa06b30d1685c0078c4bef027cadc28f6702593c03a64b50be0f6But wait there is more. Binance has become aware of people being aware of the inflows of USDT post pump and such limit the inflows. In total in the last 24hrs $427 million (89, 88, 90,61 and 99 million) has been sent from Teather to Binancehttps://whale-alert.io/transaction/tron/3e1b91827579e1c026f0deb504d5587a852d7f8eb20ed75f86b580a8e392ea3ahttps://whale-alert.io/transaction/tron/873bdf0adb41b8375cdc7af69a0c2bfb8e0a481cb2102ec4d161a56c145d6685https://bit.ly/31mt4M5 in total $947 million USDT was introduced just on 2 Exchanges. Binance and FTX. What did they do with it?Due to us not being able to directly see their trades we don't know. But we can correlate the inlows of USDT and BTC price action. Including the closure of puts and shorts on BTC. To create a model24 hrs ago the price of BTC is $46,42023hrs ago BTC shorts at a high of 3768 BTC shorted20 hrs ago $500 million is sent to FTX20 hrs ago first of Binance $427 million transfers start19 hrs ago BTC shorts start decreasing. Now 2108 BTC shorted (- $77 million)18 hrs ago BTC beings to pump. To a high of $49,878A Put wall is open on BTC for DEC 7 for $47,000 BTC. Total of the Put is 235 BTC (~$10 Million)https://bit.ly/3xV7NVr is now just dubious speculationBut to me it appears that the exchanges have scooped up BTC for essentially $0.03 on the $1. As USDT based on Teathers own admission is only backed 2.9% by actual cash reserveshttps://https://on.ft.com/3Druqli last 24hrs have in theory have not only covered up the issue of fictitious BTC I coverd yesterday. By creating a liquidation event preventing a "run on the bank". But now via "Central Bank" printing by Teather. Artificial inflated the market, got coins for cheap and set up a scenario in which they sell thier pumped coins to the public. Waiting for a correction on Tuesday where they repeat the process for more profit via /r/Bitcoin https://bit.ly/3lxF97O

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