As Bitcoin (BTC) stabilized around the $5,500 trading range, or about $1,000 under its previous level, the impact of Tether (USDT) was felt again. The Tether treasury returned 50 million USDT on November 17, the effect being that as of 5:00 UTC on Monday, more than 66% of all BTC trades happened in USDT pairs.

BTC went through a significant correction last week after a massive sell-off saw prices abandon the previous stability level of above $6,300. The move dragged down the entire market. However, the injection of liquidity at this point may be too small to break the bearish trend. Without additional returns from the treasury, BTC may remain stagnant. The Tether treasury now h…

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