You can see that at the moment traders are bullish as Tethers are dropping slightly in value (they do vary in value slightly), meaning traders are buying BTC and other coins with their Tethers. Tethers get traded into BTC, then BTC gets traded into other coins. So BTC price spikes while Tether drops, then other coins spike. This indicates confidence that prices will go up, or else they would be sheltering their assets in Tethers.
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Thanks, maybe I really need to start using usdt as a store during bad times.