BTCSHORTS Got Hammered!


Crypto community's believe that Tether does not have a real amount of $ backing USDT, about which BitFinex, Tether’s partner exchange, is already aware. And while USDT is one of the highest volumed cryptocurrencies, the exchange couldn’t handle the capital flight towards Bitcoin, resulting in a huge drop but BTC pump.

This seems have started with kucoin exchange

As per a tweet on KuCoin’s official Twitter handle, the firm has announced that it will be temporarily suspending all USDT transactions across its platform. While there appears to be no major reason for this sudden halt, it seems as though this move is part of a larger wallet maintenance regime that KuCoin adheres to regularly.

What do you all think? When will the price level off between USDT traded or affiliated exchanges to NON USDT related exchanges?

The irregular movement is mainly between exchange prices as we know the shorts can move like this anyway but i wanted to mark when and where it occurred for referance


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