Mad BTC/USDT pump on Binance - 9k Today ? by kingscrown

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· @kingscrown ·
$28.91
Mad BTC/USDT pump on Binance - 9k Today ?
[Binance](http://fuk.io/binance) made it again what a market mover.

<a href="http://fuk.io/binance">![image.png](https://ipfs.busy.org/ipfs/QmdW7USYc4pooqDKknJBDHhGuom5AsxyYXWjhJqWXuNPip)</a>


This had to hurt bears on [BitMex (leveraged exchange)](http://fuk.io/bitmex)
<a href="http://fuk.io/bitmex">![image.png](https://ipfs.busy.org/ipfs/QmaUFXYsjGFrzSydKSAUafoRmcbyr4EQ8ripiwXK8j9E9e)</a>


But remember one thing, the USDT pair started it which is Tether that many dont like or trust.


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vote details (560)
@travelersmemoire ·
If Tether truly did buy btc instead of simply holding USD at a 1:1 rate this pump might be an attempt by them to try and get back to breakeven.  Given recent events Iโ€™m guessing theyโ€™re trying to get back to a 1:1 tether to USD holding.

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@elbrava ·
That's an interesting thought. Why do you think this was a good time for them to do this now? How do they benefit from this timing?

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vote details (1)
@travelersmemoire ·
I think regulators are looking at them and at they very least having the 1:1 balance now might help things 

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