Overnight, the U price unexpectedly broke 7! The industry exclaimed: "Is the dollar going to be harvested?"

Behind this are two major changes colliding:

First, the Federal Reserve is about to "change skies." Trump is determined to replace Powell, and the market expects the probability of a rate cut in December to soar to nearly 90%. The weakening dollar and the passive appreciation of the renminbi have become a trend, and breaking 7 in the exchange rate may just be the beginning.

Second, Dongda has recently launched a heavy crackdown on illegal activities using stablecoins, targeting the "gray channel" of cross-border funds. Some individuals are forced to convert U for hedging, leading to an increase in short-term supply and exacerbating the decline in the exchange rate.

Why does the U drop while other currencies surge? The logic is not contradictory: the expectation of dollar depreciation is clear, and if global liquidity floods again, cryptocurrencies may become a reservoir for funds. At the same time, the U price, as a short-term fluctuation in channel prices, often experiences similar pressure in the early stages of historical bull markets. Many veterans have even begun to layout, taking advantage of the low to convert to U, waiting for the exchange rate to rebound for arbitrage.

In the face of the fluctuations, there is a huge difference in perception between old and new investors: some panic about the U price, while others see it as an opportunity. It is worth clarifying that the policies target the illegal activities using USDT, not the holding or legal trading itself. The current volatility is more due to the switching of market expectations and the flow of funds.

In the long run, if the U price continues to be under pressure, it may instead drive more funds into mainstream assets like Bitcoin. The logic of the bull market may already be quietly changing. #内容挖矿 $BTC