$ETH ，$BNB ，$SOL
💥The exchange rate of USDT to RMB has "broken 7" to 6.99, due to a dual effect of precise domestic crackdowns on illegal currency exchange and strong expectations of interest rate cuts by the Federal Reserve.
🚨Direct reason: Regulatory crackdowns on illegal activities using USDT have led to increased off-market selling and a sharp decline in liquidity.
⚠️Macroeconomic background: The market bets on a rate cut by the Federal Reserve in December, weakening the dollar and causing the RMB to appreciate passively.
🤔Why does “U fall while the currency rises”? USDT/CNY reflects specific domestic supply and demand and regulatory pressures; while the prices of BTC/ETH reflect global expectations of a flood of dollar liquidity, leading to potential short-term divergence between the two.
🚨Risk warning: Experienced traders view this as an arbitrage opportunity (e.g., hoarding U at 6.95), but under the current strict regulations, this comes with extremely high risks of bank account freezes, and the safety of funds should be prioritized.
