$BTC $ETH
USDT to RMB slight decoupling: USDT to RMB fell below 6.95, while the dollar is still at 7.06, but local users (accounting for 15% of circulation) are experiencing heightened panic.
Causes:
1. Net outflows from exchanges/institutions, Binance's USDT reserves decreased by 2.1% over 7 days;
2. Surge in large cross-chain withdrawals, TRON withdrawals exceed 1 billion USD, signaling whale cashing out.
Generally speaking, this corresponds to net outflows, large transfers, and weakened exchange reserves. Be cautious of false breakouts that easily lure in buyers. Maintain at 7.00 yuan, localized risks are controllable
