Bitcoin’s Dance with Tether: The Latest Twist in the Crypto Ballet
Yesterday, Bitcoin slipped lower again. But why? A fresh 66‑page academic paper hints that the trouble might be coming from… Tether.
Who Did the Research?
Professor John Griffin from the University of Texas and PhD candidate Amin Shams dived into blockchain data to spot what keeps the market wobbling.
The Staggering Discovery
It turns out that big‑spending Tether purchases weren’t random. They arrived right after the market took a gulp, ensuring Bitcoin never hit the floor.
- Timing is everything: Tether buys hit moments when sentiment drops.
- Price support is built into the system.
- The study sees Tether as the coach that keeps Bitcoin from binge‑ing.
Quote from the Study
“Tether seems to be used to stabilize and manipulate Bitcoin prices,” the authors wrote. “These patterns aren’t just random hype; they’re a sign Tether is ganging up on the market to keep the price afloat.”
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