https://itradeico.com/2018/08/possible-manipulation-bitmex-goes-down-exactly-after-tether-moved-to-bitfinex-bitcoin-gains-500-in-30-minutes/17634
All I can really say is that what happened is definitely fishy, but all we can really do is speculate. This is one of those moments where you kind of wish the crypto markets were regulated just so people can't get away with pulling stuff like this. And of course Tether just had to be involved lmao.
Exactly, and this is another reason why we won't get that elusive ETF's, because the market is really prone to manipulation and speculation. We all smell that someone from behind is really pulling strings to move the market whichever directions they want and its very fraudulent. Coincidence or not, its very shady as hell. And another problem is that we really don't have any names of those manipulators because we all know that address doesn't have any names so all we can do is speculate.
Why is it that Tether is always involved in these things? It's just another channel to push vast amounts of money through, but was it made in order to easier do things like this?
Right after BTCUSD shorts reached an all time high as well. This was clearly a stop and rinse as they tried to clean out all of the stop losses parked just $300-500 above the price. Foolish place to have stop loss anyway, but still a dirty move.
Yeah unfortunately this is just another bad sign that won't go over well for institutional investors.