Taal Distributed Info Techs Inc (fka TAALF)

[fromtheuk]

Interesting action on BTC with this latest dump. Micro Strategy is looking for an exit, certainly behind most of the initial selling. They have also moved a huge number of BTC ( nearly 100k BTC ) into a trading account where they can be sold.

On the reverse of that ( last couple of weeks ) Tether balance was looking low as BTC price was down, once their immediate issues with the SEC Audit was out of the way they turned back on the printing press and pumped BTC back over 50k.

This could get ugly. Tether ( Ponzi ) buying vs Micro Strategy panic selling.

If Micro Strategy sell all 100k BTC ( ish ). Tether would need to print at least another 5 billion Tether to balance. The SEC would of course notice that.