Pushing down alts is free.
Print tether. Buy alts. Sell alts at a loss, pushing them down.
Print more tethers. Rinse and repeat.
Because users USDT to just pump BTC is a bit conspicuous.The only "stabilizer" to this market spiral of death I can think of would be alternative stablecoins that act counter to the market pressures of Tether&co.Essentially "countering money printing by money printing for the opposite spending purpose".
You've figured it out!!!
Working hypothesis
Working very well... Can be framed over current events perfectly
I think that's exactly why they're printing Tether as fast as possible right now, lots of stablecoin alternatives are starting to gain traction
