After the offshore RMB broke through 7.0, the central bank's midpoint rate was set at 7.0358—301 basis points weaker than market expectations. How outrageous is this number? Since 2018, there has never been such a large deviation.
It may seem like just a currency exchange rate game, but it actually reflects the central bank's clear stance: RMB appreciation is being slowed down. Why? Export companies can't withstand the pressure of appreciation, and a unilateral rise often attracts hot money to speculate, ultimately leading to sharp rises and falls.
The logic here needs to be clarified: a crazy rise in the RMB does not mean it's a good thing. Hot money coming in pushes up the exchange rate, inflating asset bubbles, and once there is any market disturbance, panic selling ensues. The central bank aims for two-way fluctuations and stable expectations, not a one-sided speculative feast driven by expectations.
What about the chain reaction in the crypto circle? Improved stability of the RMB exchange rate means that the purchasing power of stablecoins is better protected; capital flows will become more rational and won't be attracted by the illusion of unilateral appreciation. Friends holding positions should see clearly—this is not policy negative news, but a re-pricing of market order. Don't follow the trend blindly; this signal is worth pondering.
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SatoshiSherpa
· 17h ago
A deviation of 301bp is indeed outrageous, but the central bank's recent actions are actually market rescue measures—preventing hot money from flooding in and blowing bubbles. The crypto world needs to understand that having stablecoins with safeguards ≠ the coin price must rise; rational flow is the long-term benefit. Don't be fooled by the dream of unilateral appreciation.
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BlockchainWorker
· 17h ago
A 301 basis point deviation, the central bank really played it tough, forcing the appreciation pedal to the floor
Hot money is already annoying, and this wave of stablecoins is actually gaining popularity? The logic is indeed coherent
Don't rush to panic sell, this might actually be a bottom signal
Those who can't understand the central bank's move should wake up
Bidirectional volatility is the way to go; a one-sided market is just the night before a bubble
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OffchainWinner
· 17h ago
The central bank's move is absolutely brilliant, forcibly suppressing the appreciation expectations.
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A deviation of 301 basis points, this is really saying "don't expect to soar to the sky."
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Hot money speculation has been played out for a long time, and in the end, it all has to be spit out.
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Stablecoin purchasing power is guaranteed? Sounds good, but it depends on how the central bank will play it in the future.
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Bidirectional volatility is the way to go; unidirectional things will eventually collapse.
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When the exchange rate stabilizes, funds can work with peace of mind. I agree with this logic.
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Don't be blinded by the illusion of appreciation; this correction is a wake-up call.
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Haven't you seen enough of the drama of sharp rises and falls? Learn from it.
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MetaverseMortgage
· 17h ago
The central bank's recent actions are actually clearing the market; hot money should not run away.
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A deviation of 301 basis points, in simple terms, is a message to traders to stay calm.
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The renminbi is not rising but falling, which is wiser; stablecoins will have stronger liquidity.
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Wait, does this logic suggest that there will be new capital battles ahead?
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Bidirectional volatility is the norm; days of one-sided rises and falls are over.
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So is now the opportunity to buy the dip? Or is it smarter to continue observing?
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The crypto market follows exchange rate fluctuations; I didn't realize this correlation before.
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A negative turns positive; it all depends on how you read this game.
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LuckyHashValue
· 17h ago
The central bank's move is quite aggressive; a 301 basis point spread is something I haven't seen in years... But upon reflection, it's indeed necessary to step on the brakes, or else hot money will flow in and cause chaos in the crypto world.
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GateUser-c799715c
· 17h ago
The central bank's recent moves are quite interesting. What does a deviation of 301 basis points indicate? It basically means they don't want the yuan to run wild, which is actually good news for the crypto world.
Don't make reckless moves this time. Stablecoins now have more confidence, and hot money isn't rushing in as crazily, so our wallets feel much more secure.
Really, rational capital flow is more important than anything else. Don't be fooled by one-sided expectations.
301 basis points... Damn, I haven't seen this since 2018. The central bank is trying to stabilize expectations.
Hot money coming in inflates the bubble, and when the wind blows, they run away. It's too disgusting. We still need to take it slow.
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TokenDustCollector
· 17h ago
A deviation of 301 basis points? What is the central bank hinting at? The strategy to stabilize the exchange rate is back again.
#比特币与黄金战争 $BTC $SUI $SOL
After the offshore RMB broke through 7.0, the central bank's midpoint rate was set at 7.0358—301 basis points weaker than market expectations. How outrageous is this number? Since 2018, there has never been such a large deviation.
It may seem like just a currency exchange rate game, but it actually reflects the central bank's clear stance: RMB appreciation is being slowed down. Why? Export companies can't withstand the pressure of appreciation, and a unilateral rise often attracts hot money to speculate, ultimately leading to sharp rises and falls.
The logic here needs to be clarified: a crazy rise in the RMB does not mean it's a good thing. Hot money coming in pushes up the exchange rate, inflating asset bubbles, and once there is any market disturbance, panic selling ensues. The central bank aims for two-way fluctuations and stable expectations, not a one-sided speculative feast driven by expectations.
What about the chain reaction in the crypto circle? Improved stability of the RMB exchange rate means that the purchasing power of stablecoins is better protected; capital flows will become more rational and won't be attracted by the illusion of unilateral appreciation. Friends holding positions should see clearly—this is not policy negative news, but a re-pricing of market order. Don't follow the trend blindly; this signal is worth pondering.