As usual, the big whales are pumping Bitcoin price, to create a "fake out" and then liquidate trades.
Tether "prints" (out of thin air) trillions of USDT as and when it wishes. This USDT which costs Tether nothing and is printed out of thin air, very regularly, is sold at a very highly discounted price, to exchanges (mainly Binance). So, Binance on a regular basis buys USDT from Tether at very highly discounted price. And Binance is in collaboration with the big (crypto) whales, uses these cheaply acquired USDT to manipulate the price of Bitcoin,with the motto and objective of LIQUIDATING trades (both long trades and short trades). Because when trades are liquidated, Binance makes huge loads of money (profits) and share the profits with the big gangs of whales.
Now, in order to maximize their gang's profits, the big (crypto) whales trade in a way to create regular "fake outs" in Bitcoin's price, on a regular basis, so that traders get fooled and then the big (crypto) whales reverse the "scene" with Bitcoin price in order to get maximum trades liquidated. This is why 90+% of crypto traders lose money, because like fools they go by technical analysis & fundamental analysis, not knowing that Bitcoin's price is manipulated by the big (crypto) whales. (Ofcourse, the fundamental aspect also sometimes affects Bitcoin price by a few %).
