People who bought USDT at high prices to brush alpha after September are really unfortunate. In October and November, they didn't gain much, and I just saw USDT reached 6.94. Holding USDT has also dropped by one or two points.

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I don't know why it dropped; it seems the actual exchange rate is still around 7.07. Some say it was caused by a crackdown on Huobang, while others say it's due to strict domestic regulations. Is it possible that a large number of new people who were brushing alpha have stopped and are withdrawing their funds?

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Anyway, people in the country have run away. I remember in 2021 and 2022, USDT once went out at around 6.3, and it was comfortable to buy USDT back then.