$ETH ，$BNB ，$BTC
💥The price of U breaking 7 is the result of the strengthening of the Chinese Yuan, expectations of interest rate cuts in the US, and targeted regulation working together, rather than a fundamental change in the logic of the cryptocurrency market!
👉There are two core reasons:
1️⃣Immediate reason (domestic): Regulatory authorities have accurately targeted illegal currency exchange using stablecoins, leading to some funds selling USDT for hedging, and the short-term increase in supply has depressed prices!
2️⃣Fundamental drive (international): Market expectations for the Federal Reserve to cut interest rates in December have soared to nearly 90%, the US dollar has weakened, pushing the Chinese Yuan and other non-USD currencies to strengthen passively!
🤔Why can U fall while coins rise?
This reveals two pricing logics: The price of U (USDT/CNY) reflects specific domestic supply and demand and the exchange rate of the Chinese Yuan; the price of coins (like BTC/USD) reflects global expectations of US dollar liquidity. The two can diverge in the short term. Currently, the expectation of US interest rate cuts is driving global funds to seek exits, benefiting crypto assets, while domestic regulation only affects the short-term cost of fiat currency entry and exit channels!
🦅Future points of focus: First, the Federal Reserve's interest rate meeting in mid-December will verify the expectation of interest rate cuts; second, whether the crackdown on illegal currency exchange will continue to affect market habits!
✍️In simple terms, this is a short-term phenomenon. The core logic of the market (response to global liquidity) remains unchanged, but volatility is increasing!
