Last night, the live broadcast room suddenly exploded - USDT fell below 7 yuan!

The barrage swiped the screen and asked me what was going on, and I directly replied: Are you here to speculate on stablecoins? Ethereum skyrocketed 10% in one day, can't you see it?

To be honest, there are two forces behind this wave of market.

First things first. There are rumors from the Fed that the current chairman may be replaced, and the successor is said to be Trump's confidant. What is this person going to do on stage? Interest rate cuts are cool. The market has a very sensitive sense of smell, and the expectation of a rate cut in December has soared to nearly 90%, and it may cut another 50 basis points next year. Once the dollar weakens, the RMB will naturally be strong, and breaking 7 may be just an appetizer.

Let's look at the second thing. Recently, regulators have been ruthless enough to use stablecoins to engage in illegal currency exchange and money laundering. This punch was accurately struck and directly hit the shameful operations of cross-border funds. Many people are afraid of accidents and hurry to dump USDT, and the market supply suddenly piles up, can the exchange rate not fall?

But the question comes - stablecoins are falling, why are cryptocurrencies rising?

There are many ways to do this. Once the dollar depreciation is expected to be solid, the money has to find a place to go, right? The cryptocurrency market is just taking over. And some people feel that although this round of rectification is violent, it can squeeze out the dirty water in the market, and the entry of compliance funds will be smoother. Thinking deeper, before every bull market, the stablecoin exchange rate will be under pressure - old players remember this pattern.

The reaction of novices and veterans is simply two worlds.

The new entrants panicked: "Can stablecoins fall?" Is my money still safe? "

The old leek is as stable as Mount Tai: "It's not surprising, it's always like this before the bull market." "Some people have already begun to calculate: now 7 yuan is exchanged in, and when it rebounds to 7 yuan 5 and then exchanged back, it will be 10% in vain.

In the final analysis, the market logic has changed.

Are you staring at the exchange rate numbers and worrying, or are you staring at this wave of opportunities? Ethereum has risen, Dogecoin has moved, and Zcash has also taken off, and the real market is on the coin, not on U.

At this time, those who are still struggling with the drop of stablecoins by a few cents may not understand what they are doing in the currency circle at all.