I advise everyone to be rational and stop trading with USDT. Don't even keep any of them. Exchange them all for BNB or USDC.
Why is Bitcoin going up like crazy now? Where does the money of institutions come from? The only possibility that allows them to raise the price of Bitcoin without any scruples is that they don't need funds to raise the price.
If Tether can issue USDT out of thin air, theoretically, it can purchase a large amount of BTC with USDT through related parties or partners to push up the price. This operation will create the illusion of demand in the market and further attract external investors to enter.
The biggest dealer in the virtual currency market is Tether. God knows how many institutions it cooperates with behind the scenes.
Many people see that Bitcoin and other copycats are either reluctant to sell or reflexively exchange them for USDT. How many people can actually withdraw money? Don't hold it anymore. $BTC $USDC $ETH

Why is Bitcoin still rising in a situation of insufficient liquidity? Where is the money from institutions coming from? The only possibility that allows them to raise Bitcoin without hesitation is the left hand trading with the right hand, and the right foot stepping on the left foot, spiraling to the sky.
If Tether can create USDT out of thin air, theoretically, it can purchase BTC in large amounts through related parties or partners using USDT, driving the price up. This operation creates a false appearance of market demand, further attracting external investors to enter.
Then, a wave of sell-off can siphon off retail investors' funds, and finally, it only requires periodic destruction of USDT. The biggest player in BTC is Tether, and who knows how many institutions it collaborates with behind the scenes to engage in such shameless activities. Everyone, be cautious.