[lamontcg]

> who is thinking that this might be a sign of the end of crypto?

I think some billionaires may still be able to bail it out, I'm about 50-50 it dies.

> Tether collapsing in the next couple weeks will likely put Bitcoin under $10,000

I kind of doubt this happens, I think Tether is fundamentally structured differently than Terra/Luna and is all debt-based and won't face a run on the bank until crypto is basically a smoking hole in the ground. Everyone wants Tether to implode to take out crypto, but I think it is the other way around.

The Tether redemptions though are signs that the underlying value of the collateral (crypto) has gone below thresholds, and the redemptions withdraw liquidity that was causing inflation in the price.

Something else is likely to pop though, and eventually one of the really big exchanges is going to go under. Coinbase going full MtGox or something like that.