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 Network

https://coinmarketcap.com/currencies/tether/

https://whale-alert.io/transaction/tron/1a23f7a875deb2120f7efca0b426772737c3d2fc1f51b07ba9f9418d8027552f

So in total $1,5 Billion of USDT was minted in the last 24 hrs. Of which $500 million was sent to FTX

https://whale-alert.io/transaction/tron/8e9bde1b685aa06b30d1685c0078c4bef027cadc28f6702593c03a64b50be0f6

But 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 Binance

https://whale-alert.io/transaction/tron/3e1b91827579e1c026f0deb504d5587a852d7f8eb20ed75f86b580a8e392ea3a

https://whale-alert.io/transaction/tron/873bdf0adb41b8375cdc7af69a0c2bfb8e0a481cb2102ec4d161a56c145d6685

https://whale-alert.io/transaction/tron/e54c3876986a91f03521d35429c0b0d3ddd5a679dc2a7bfd42e7d4cd040b997f

https://whale-alert.io/transaction/tron/f8d1750c8eec939f2cb394d26cb9bf65378de68e940ed9e471f728b332e3ca93

https://whale-alert.io/transaction/tron/48adfeca315134d884704c4e1c3dac0d939504ae198faca5abbcdfbb46b1347c

So 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 model

1. 24 hrs ago the price of BTC is $46,420
2. 23hrs ago BTC shorts at a high of 3768 BTC shorted
3. 20 hrs ago $500 million is sent to FTX
4. 20 hrs ago first of Binance $427 million transfers start
5. 19 hrs ago BTC shorts start decreasing. Now 2108 BTC shorted (- $77 million)
6. 18 hrs ago BTC beings to pump. To a high of $49,878
7. A Put wall is open on BTC for DEC 7 for $47,000 BTC. Total of the Put is 235 BTC (~$10 Million)

https://www.coinoptionstrack.com/options/BTC/open-interest

https://www.tradingview.com/symbols/BTCUSDSHORTS/

This is now just dubious speculation

But 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 reserves

https://www.ft.com/__origami/service/image/v2/images/raw/ftlogo-v1%3Abrand-ft-logo-square-coloured?source=update-logos&180&180&format=png

The 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