This is very interesting, it is suggesting that BTC may bottom any moment and someone is planning a huuuge buy.
it could also mean that exchanges are locking up their real fiat into the tether fed reserve. and getting tether bearer bonds in return
meaning its not a buy thats about to buy coin. but an exchange just swapping real fiat for tether so they can arbitrage with othr exchanges in the background = no change
i seriously doubt that an exchange owner would bother with arbitrage trading between exchanges since the profit is already too small and most of the time near impossible to be any. there are much easier ways of earning money with the money you have including pumping the coins listed on their exchange, investing in some other altcoin and pumping it on some other exchange,...
I doubt there is trading involved too, but for the same reasons as franky1
My opinion is that most likely they have already some agreements in place between them already so they can profit from every pump and dump or when the spread is becoming too big and they exchange coins and funds and that people using trading bots are getting screwed by those algorithms.
I just hope they don't trigger dumps just for this reason alone.
If this is indeed done with the help of usdt, then we should really start praying it doesn't pop
Slowly but surely I'm losing the last trace of faith I had in any exchange.
I say, it will have no influence at all. It is potentially 250 000 000 USD that could have been invested into Bitcoin,
Or eth or eos...who knows