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by patio11 1342 days ago
I believe something very similar to the above commenter, with the proviso that it might not be "the exchanges" engaged in market manipulation but rather Tether or a co-conspirator. Tether has printed trades far above a dollar before on various exchanges; the only reason to waste money doing that (as the buyer) is to liquidate shorts. Playing in a rigged casino seems even more -EV than playing in a fair one. But this is not top of mind or hugely relevant to the comedy gold thread.