#数字货币市场洞察 USDT has dropped below 7 yuan, and this caused quite a stir in the community last night.

But think calmly: why did you enter the crypto market? Should you be focusing on token prices or fiat exchange rates? When ETH surged 10% in a single day, how many people actually paid attention?

Beneath the surface, there are actually two forces at play.

First, let's talk about the macro level. There's a rumor in the market that the Fed may see a personnel change, and the new appointment is inclined toward a more aggressive monetary easing policy. The data speaks for itself—expectation for a rate cut in December is close to 90%, and another 50 basis points may be cut next year. Once the dollar really weakens, the RMB will come under appreciation pressure, and naturally, the USDT to RMB exchange rate will be under pressure as well. This isn't a random fluctuation; it’s a direct reflection of monetary policy expectations.

Now for the micro factors. Recently, regulations on cross-border capital flows involving stablecoins have clearly tightened, with some gray channels being cut off. To avoid risk, holders are selling off en masse, causing a short-term supply surge that directly pushes the price down. This move is precise, but also ruthless.

Here comes the contradiction: why is USDT dropping while mainstream coins are surging?

The core logic is actually not complicated. Once the expectation of dollar depreciation is formed, global capital needs a new value storage vehicle, and crypto assets happen to meet that demand. While regulatory crackdowns create short-term panic, in the long run, they're actually cleaning up market impurities and paving the way for compliant capital to enter. Historical data shows that before every bull run, stablecoin exchange rates experience brief pressure—this may not be a crisis signal, but a sign of a turning point.

Now the market is split into two camps: newbies panic over exchange rate numbers, while seasoned players are quietly calculating arbitrage opportunities. Some have already started making moves: buy in at 7 now, and sell at 7.5 later—pocketing a risk-free profit in between.

The game rules have changed, so naturally the strategies need to adjust as well. Will you keep stressing over the exchange rate, or shift your focus to asset allocation? $ZEC holders, what do you think of this move? Share your thoughts in the comments—will USDT keep dropping, or rebound quickly?