Why do we chart? If it's as easy as just drawing lines and following trends, we'd all be rich but it's not as easy as that. Bluntly, we chart in the hope of catching information betrayed by the actions of others on the market. If someone get's information to act, then their actions on a large enough scale leave a mark on the market which the rest of us then hope to catch and follow in the hopes of a profit.
The chart speaks for itself in that regard, someone acting on information unique to them decided that BTC
was worth every tether they could dispose of.
You don't need to be a follower of the tether fud to read a chart, in fact, that is why we chart in the first place. Someone with a lot of btc
doesn't like tether any more, and they know more than you do. Act accordingly.