Yes. Welcome to investment, that's how decisions are made: looking at balance sheets and boring numbers (collaterals/assets etc). If a big investor is willing

Yes. Welcome to investment, that's how decisions are made: looking at balance sheets and boring numbers (collaterals/assets etc). If a big investor is willing to sell enough of their tether at a lower price to affect the conversion rate (of a 70B currency), means they figured something that you didn't. I don't know who's holding the majority of the tether and/or who's driving this discount but certainly they did the boring thing... Not looking at the *sentiment*