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🧵1/Ω
Surely it's just a coincidence that $2 billion worth of #Tether was printed at what was probably the exact same hour on the same day the US government moved to dump $212 million in Bitcoin onto the market at #Coinbase and half of that was $USDT accepted in $COIN's market?
Surely it's just a coincidence that $2 billion worth of #Tether was printed at what was probably the exact same hour on the same day the US government moved to dump $212 million in Bitcoin onto the market at #Coinbase and half of that was $USDT accepted in $COIN's market?
https://twitter.com/tier10k/status/1641821284341280768
🧵5/Ω
@jNi9a & @DylanPanov pointed out the govt's avg price was $21.8k, which is much lower than the price was at any time after 2 days before the govt said it made the sale. So either:
a. Govt sold earlier and misstated in court filing
b. Govt did some kind of OTC deal
@jNi9a & @DylanPanov pointed out the govt's avg price was $21.8k, which is much lower than the price was at any time after 2 days before the govt said it made the sale. So either:
a. Govt sold earlier and misstated in court filing
b. Govt did some kind of OTC deal
🧵6/Ω
It's pretty reasonable to suspect the govt started earlier, say around March 3rd or 9th 👇... though if that had happened I would expect the court filings to say that the govt "completed the sale" and not "sold".
It's pretty reasonable to suspect the govt started earlier, say around March 3rd or 9th 👇... though if that had happened I would expect the court filings to say that the govt "completed the sale" and not "sold".
🧵7/Ω
After all it's not like these were the only billions of $USDT printed by #Tether in March 2023...
After all it's not like these were the only billions of $USDT printed by #Tether in March 2023...
https://twitter.com/whale_alert/status/1631961549966385152
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