I am not sure I follow you on people being worried about a BTC drop from their own selling of BTC. We are in a bull market; one person selling BTC for USD on an

I am not sure I follow you on people being worried about a BTC drop from their own selling of BTC. We are in a bull market; one person selling BTC for USD on an exchange is not going to have a significant impact. "so they move into tether hoping to buy back in after bitcoin goes down without having to do the expensive/difficult bitcoin-usd move." How does this help them avoid an expensive bitcion-usd move? They will still have to buy btc with tether and then do a transaction for USD incurring blockchain fees.