We just saw the largest influx of Tether since February of this year

What happens when bitcoin goes down?

People buy the dip, that's what.

We just saw this happen yet again as a huge chunk of tether showed up.

Check it out:

(Source: https://twitter.com/mskvsk/status/1385851136796762112/photo/1)

While there is no guarantee that money goes to buy bitcoin, it likely does at some point.

If not bitcoin it makes its way into the altcoins.

We are already seeing coins like STEEM rebound very well after the big drop.

STEEM already in the mid $70's after getting into the $.50's yesterday morning.

I suspect this money is getting in to buy the dip before the next surge higher.