Tether, EURT, and the BTC price spike (notehub.org)

Hi HN. I know you don't like cryptocurrency discussions, but I found something curious, and am looking for some thoughts on my reasoning. In essence the recent BTC price spike is closely correlated in time with a Tether token destruction.

I am looking to understand these events better, and if it is possible that in this case correlation does imply some sort of causation.

Well it seems that notehub is some sort of spam site, didn't notice because of adblock. Too late to delete post, Doh!