Tether is in danger. Tether being in danger is could be dangerous for the entire market.
My recommendation is if you are in crypto with borrowed money, to ask yourself it you can hold for a long time, if not... you know what is the right thing to do... this is volatile, coinbase vs binance difference is $600+
It's not a secret.
Strong wicks up are done based on a BAD news... it can hardly be bullish... but it CAN be. We have to see how this plays out. Some interesting times ahead.
Personally, whenever in doubt, I rather go wrong with bitcoin than with tether. as long term I believe in Bitcoin and I don't believe in tether.